e-commerce
Tata Digital acquires majority stake in Bigbasket
New Delhi: Tata Digital Ltd announced on Friday that it has acquired a majority stake in the online grocery platform Bigbasket.
Tata Digital is a 100 per cent subsidiary of Tata Sons. With this deal, one of India’s largest conglomerates has entered into direct competition with Flipkart, Amazon, and Reliance Industries which have continued to bolster their presence in the country’s fast-growing e-commerce space.
“Grocery is one of the largest components of an individual’s consumption basket in India, and Bigbasket as India’s largest e-grocery player fits in perfectly with our vision of creating a large consumer digital ecosystem. We are delighted to welcome Bigbasket as a part of Tata Digital,” said Tata Digital CEO Pratik Pal in a statement on Friday.
Exact details about the deal were not disclosed. But according to some media reports, the deal is worth about Rs 9,500 crore.
E-grocery has been one of the fastest-growing sectors in the consumer e-commerce space. Its growth has been further propelled by the country’s rising consumption and digital penetration, especially in the aftermath of the Covid-19 pandemic which led consumers to increasingly opt for safer deliveries of groceries at home.
“We are extremely excited about our future as a part of Tata Group. As a part of the Tata ecosystem we would be able to build stronger consumer connect and accelerate our journey,” said Bigbasket CEO Hari Menon. Founded in 2011, the Bangalore-based company has now expanded its presence to over 25 cities.
Meanwhile, the Tata Group is now building a digital consumer ecosystem addressing consumer needs across categories in a unified manner. Online food and grocery is an important part of this ecosystem. The acquisition presents an attractive opportunity for the group in its overall vision of creating a digital ecosystem, it said in a statement on Friday.
e-commerce
Flipkart cuts around 300 jobs in annual performance review
E-commerce giant trims ~1.5 per cent of workforce as IPO preparations continue.
MUMBAI: Flipkart just gave performance the pink slip because when the annual review bell rings, even the biggest cart sometimes needs to lighten its load. Flipkart has let go of approximately 300 employees as part of its annual performance management cycle, Moneycontrol reported on 7 March 2026, citing people familiar with the matter. The exits represent roughly 1.5 per cent of the company’s total workforce of around 20,000 people across its businesses.
The move follows Flipkart’s standard practice of asking employees placed in lower performance bands to leave during yearly reviews, a process the company has carried out periodically in recent years. A similar exercise in early 2024 saw around 1,000 employees (nearly 5 per cent of the workforce) exit.
The latest round comes amid Flipkart’s continued push for operational efficiency and cost discipline, mirroring broader trends across the Indian startup ecosystem where funding slowdowns have shifted focus toward profitability.
The development also arrives as Flipkart advances preparations for a potential domestic IPO. The company has held early discussions with investment banks including Goldman Sachs, Morgan Stanley, JP Morgan and Kotak Mahindra Capital to explore feasibility. Industry sources indicate a possible listing timeline of late 2026 or early 2027, though the final size and schedule remain undecided.
In December 2025, Flipkart received National Company Law Tribunal approval to shift its holding company domicile from Singapore back to India. a key regulatory step that simplifies the group structure ahead of a public market debut.
Controlled by Walmart, Flipkart remains one of India’s largest e-commerce platforms, locked in fierce competition with Amazon. In a market where every rupee counts and every headcount is scrutinised, the latest cuts aren’t just housekeeping, they’re part of a bigger balancing act between growth ambitions and the road to listing.
