Assertion Supported AI assessment confidence: 92% certainty 4/5 debate potential 1/5

Ganesh: Tata owns 66% of BigBasket with 33% held by founders and investors

K. Ganesh · 75 Minutes Of Pure Business Insights From The Man Behind BigBasket, BlueStone & HomeLane · Jan 31, 2025 · at 21:57

K. Ganesh discusses the ownership breakdown of BigBasket following Tata Digital's majority acquisition.

0:00 / 0:08exact quote · 8.4s

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“Tata's now own 66% balance. 33% is held by us, by founders and by as I send capital a bit and much later stage investors.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

The claim, plainly

Following Tata's acquisition, the Tata Group owns 66% of BigBasket, while the remaining 33% is held by the founders, promoters, Ascent Capital, and later-stage investors.

a quote alone can be ambiguous, so this restates it with the references and context of the conversation around it resolved. AI-written; the tape below the player is the source.

Assessment

Regulatory filings with the Ministry of Corporate Affairs (MCA) and the Competition Commission of India (CCI) confirm that following the May 2021 acquisition, Tata Digital Limited acquired a controlling stake of approximately 64% to 64.3% in BigBasket's holding company, Supermarket Grocery Supplies Private Limited (fluctuating within ~56% to 67.6% across subsequent funding rounds and capital reclassifications). Following the complete exit of Alibaba Group and Actis LLP, the remaining ~33% to 36% balance was retained by the five founders, promoters/promoter-backed entities, Ascent Capital, later-stage venture investors (such as Mirae Asset and Bessemer Venture Partners), and the ESOP pool. Ganesh's stated 66%/33% split accurately represents the cap table structure within standard colloquial rounding.

CCI and MCA filings from April–May 2021 confirm Tata Digital acquired up to 64.3% of Supermarket Grocery Supplies Private Limited for an initial ₹1,116 crore transaction.
Alibaba (~27.6%–29.8%) and Actis (~17%) exited the entity entirely during the transaction.
The remaining equity balance (~33%–36%) remained distributed across founders (Hari Menon, V.S. Sudhakar, Vipul Parekh, V.S. Ramesh, Abhinay Choudhari), Ascent Capital, institutional funds (Bessemer, Mirae Asset), and the ESOP pool.

Checked against

[1] pib.gov.in [2] tata.com [3] testbook.com [4] indianstartupschamber.com [5] scribd.com [6] wikipedia.org [7] tracxn.com [8] vccircle.com

Tata Sons Tata Digital BigBasket shareholding percentage 64.3 68 Tata owns 64 percent BigBasket Supermarket Grocery Supplies Private Limited MCA filing Tata Digital stake Supermarket Grocery Supplies Private Limited BigBasket 64 68 percent shareholding "Supermarket Grocery Supplies Private Limited" shareholding "Tata Digital" "Ascent Capital" BigBasket "Supermarket Grocery Supplies" stake percentage

assessed as of 2026-09-02

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Mentioned

Ascent Capital BigBasket Tata Group

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Ganesh: Tata owns 66% of BigBasket with 33% held by founders and investors

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