Indian conglomerate Tata Group has acquired a 68% stake in online grocery startup BigBasket, making the duo one of the strongest players in the booming e-grocery segment.

Vanguard Group, that slashed Ola’s valuation is a minority investor with less than 1% in the firm.

India had asked Twitter to remove over 250 accounts and posts alleged to have links with farmers protest.

Amazon Food will face competition from Alibaba-backed Zomato and Naspers-backed Swiggy in India’s soon-to-be USD 12.53 billion online food delivery industry.

JustDial, that list offline businesses, disrupted the traditional classifieds industry which was then limited to newspapers.

Last year, during the lockdown in India, around 120 million workers were laid off or placed on furlough.

A Bloomberg report said as many as 10 Indian companies could go public through SPAC deals before the end of the year.

The company has already invested INR 900 crores (USD 123 million) across 38 companies from its second fund.