Paytm Mall is reportedly lining up a $200m investment in the e-grocer at an $800m post-money valuation that could include Alibaba.
E-commerce company Paytm Mall is set to invest $200m in India-based grocery e-commerce platform BigBasket next month, Business Standard reported on Saturday.
Previous reports suggested Paytm Mall will acquire a stake of about 20% in BigBasket. Sources told Business Standard it will make a primary investment in the company at a valuation of about $800m, and will also acquire shares through a secondary transaction.
A source close to the deal said: “The deal is complete, there are a few minor…
