Grocery e-commerce platform BigBasket is in talks with both companies over an investment that would value it at about $1bn, while Amazon is also interested.
E-commerce firm Alibaba and payment and e-commerce platform Paytm have entered talks concerning a joint investment of $200m in India-based online grocer BigBasket, Bloomberg reported yesterday.
The round would value BigBasket at about $1bn, according to a person with direct knowledge of the negotiations. Alibaba and Paytm are in a 60-day exclusive pact with regard to the deal and are conducting due diligence.
A separate source told Bloomberg that e-commerce firm Amazon, which recently received regulatory approval to sell groceries…
