Tata Sons group has invested about Rs 10 crore for an undisclosed stake in Grameen e-Store, the government’s rural eCommerce venture.
Grameen e-Store launched in April 2020 is run by common service centres (CSC) under the Ministry of Electronics and Information Technology.
The group is reportedly in talks with several players, including India’s largest e grocer ‘Big Basket’. The venture is also in talks with HDFC Bank for a possible stake sale.
“The capital will be used to strengthen the platform by building its technology further, increasing reach and laying a stronger supply and distribution network for brands” Dinesh Tyagi, managing director of the CSC e-governance Services, said.