TATA Group to scale up its ecommerce play
Tata Group has been actively evaluating M&A opportunities and strategic tie ups to expand its digital presence over sectors ranging from retail to consumer goods. As per the Financial Times report, TATA is looking to pick up a 20% share in BigBasket with other investors. Tata even had held multiple talks with ecommerce players like Snapdeal and India mart. Consumer division of Tata has also set up core team to explore and scout acquisition opportunities in consumer and retail space and potential buyouts in the local ecommerce spaces.
As per the economics Times, there is a sense of urgency now to tap the inorganic route to grow further. Also, there has been talks to lift its FMCG business. The digital presence of Tata, through Tata Cliq; other online delivery and consumer space, is looking to scale up its business to give a tough fight with Reliance retails and Jio platforms which have side lined Tata’s digital presence in recent times through various strategic investments.