Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tata Group looking for stake in IPO-bound online grocer BigBasket - report

10/15/2020 | 02:52am EDT
An employee scans a package for an order at a Big Basket warehouse on the outskirts of Mumbai

BENGALURU (Reuters) - Salt-to-software conglomerate Tata Group is in talks with Indian online grocery startup BigBasket to buy a stake in the company, the Mint newspaper reported, citing people familiar with the matter.

The century-old group has been planning to launch a "super app", one that will tie in all its consumer businesses, several media reports have said, as it competes against Amazon and Reliance Industries, who have made big bets on India's booming e-commerce market.

Bengaluru-based BigBasket is looking to raise $200 million for a fresh funding round, which could potentially value the startup at nearly $2 billion, according to the report.

It competes with Walmart Inc-owned Flipkart and Amazon's "Fresh" service as more consumers choose to shop online due to the COVID-19 pandemic.

"The transaction in all likelihood is a pre-IPO round, and a public listing is expected in 18 month," the report cited a source as saying, adding Singapore's Temasek Holdings and private equity Generation Investment Management were in talks to take part in the fund raise.

Temasek Holdings declined to comment, while the firms involved did not immediately respond to Reuters request for comments.

Separately, the Financial Times said BigBasket and Tata Group would decide on the deal by the end of October, citing a person close to discussions.

(This story was refiled to remove a repeated sentence from the text)

(Reporting by Chandini Monnappa in Bengaluru; Editing by Arun Koyyur)

ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMAZON.COM, INC. -0.07% 3486.9 Delayed Quote.7.06%
RELIANCE INDUSTRIES LIMITED -0.12% 2223 Delayed Quote.12.11%
WALMART INC. -1.85% 135.17 Delayed Quote.-6.23%
All news about AMAZON.COM, INC.
04:15aMorrisons shares leap after takeover approach rebuffed
04:07aAMAZON COMá : Bedsure Home Offers Millions of Customers Summer-Ready Products fo..
03:00aAMAZON COMá : German union calls for Amazon workers to strike on 'Prime Day'
06/20WM MORRISON SUPERMARKETSá : CD&R set to continue pursuit of UK's Morrisons, FT s..
06/20AMAZON COMá : Italy, hosting G20, will call for tougher 'gig economy' rules
06/19UK's Morrisons rejects $7.6 billion takeover proposal from CD&R
06/19UK's Morrisons rejects $7.6 bln takeover proposal from CD&R
06/18Fed Statement 'Very Bullish' For Tech Stocks, Wedbush Says
06/18AMAZON COMá : Fresh store in Washington boasts 'Just Walk Out' shopping technolo..
06/18AMAZON COMá : Ferrari, Amazon's AWS enter agreement on data
More news
Financials (USD)
Sales 2021 490 B - -
Net income 2021 28 711 M - -
Net cash 2021 78 508 M - -
P/E ratio 2021 62,9x
Yield 2021 -
Capitalization 1 759 B 1 759 B -
EV / Sales 2021 3,43x
EV / Sales 2022 2,85x
Nbr of Employees 1 298 000
Free-Float 82,4%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 53
Average target price 4 238,37 $
Last Close Price 3 486,90 $
Spread / Highest target 57,7%
Spread / Average Target 21,6%
Spread / Lowest Target 8,26%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.7.06%1 758 526
JD.COM, INC.-18.52%110 793
WAYFAIR INC.34.27%31 593
ETSY, INC.-4.55%21 585
ALLEGRO.EU SA-29.10%15 995
MONOTARO CO., LTD.-1.45%11 656