Tata to enter online grocery market with GrocerMax buyout
Tata Group is reportedly buying out the management team and technology infrastructure of Gurugram-based GrocerMax to enter the online grocery space. According to reports, GrocerMax's Gurugram business will be shut down and its resources will be used to set up an online platform for Trent Hypermarket, which is a joint venture between Tata Group and UK retailer Tesco.