BigBasket and Tata 1mg opt for debt over equity for expansion in FY25

Two major digital assets of the Tata group – BigBasket and Tata 1mg – are choosing debt over equity to finance their expansion plans this financial year, according to a report by The Economic Times.

Tata 1mg has reportedly secured board approval for substantial offline expansion. The expansion will be funded through debt, marking a shift from the usual equity financing.

Meanwhile, BigBasket, the group’s e-grocery platform, plans to raise $80-100 million through a mix of equity and debt.