Tata group plans a $1.3 billion capital raise for BigBasket and 1mg to fuel expansion and compete. $1 billion is earmarked for BigBasket's quick commerce pivot, while $300 million is for 1mg's growth. This follows Tata's dissatisfaction with BigBasket's lagging performance. The fundraising aims to improve profitability and meet investor expectations, although an IPO isn't immediate.
