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https://i-invdn-com.investing.com/trkd-images/LYNXMPEI8Q05C_L.jpgTata Digital Ltd, a unit of Tata Sons, and its investors are likely to lead the new round of funding, which could be as much as $200 million or more, according to three people briefed on the matter who spoke to ET.
In February 2021, Tata Group acquired a 64.3% stake in BigBasket.
BigBasket and Tata Sons did not immediately respond to calls seeking comment.
“The company continues to grow 40% annually as projected earlier internally. This financial year ending March 2023, the company is expected to generate sales of $1.5 billion (net of discounts),” one of the sources told the newspaper.