Tata Group to raise $1.3 billion for BigBasket and Tata 1mg, focusing on quick commerce and online healthcare.

The Tata group is planning to raise $1.3 billion for its digital ventures BigBasket and Tata 1mg in order to enhance their competitiveness in the quick commerce and

The Tata group is planning to raise $1.3 billion for its digital ventures BigBasket and Tata 1mg in order to enhance their competitiveness in the quick commerce and online healthcare sectors in India. Out of this amount, $1 billion will be allocated to BigBasket, while $300 million will be earmarked for Tata 1mg. The aim of this fundraising initiative is to drive profitability and growth across the group's digital platforms despite the substantial investments being made. This strategic move underscores the Tata group's commitment to leveraging digital technologies to strengthen its presence in key sectors of the Indian economy.