Pending CCI Approval for BigBasket Deal Delays Tata Super App Launch

Tata Digital’s SuperApp launch hit a bottleneck again due to the pending regulatory approval of the acquisition of grocery e-Commerce company BigBasket. The Super App will bring all of the conglomerate services and products in the consumer business under a single window.

The app was expected to be launched on March 3, the Tata Group’s Founders Day, but was delayed, reported The Economic Times. But this isn’t the first time the launch was postponed. The app was slated to be launched initially in late 2020.

Tata expected the CCI approval to come in sooner. But such large deals take a month for requisite approvals.

Apart from waiting for the CCI approval, the Tata Group has also applied to the National Company Law Tribunal for a green signal on the transaction, the report said.

Tata group will buy 68 percent stake in BigBasket for Rs.9,100-Rs 9,200 crore.