Alibaba is reportedly set to invest $200m in the online grocery retailer at an $800m valuation as part of a $280m funding round.
E-commerce group Alibaba intends to invest roughly $200m in India-based online grocer BigBasket as part of a $280m funding round, Bloomberg has reported, citing people familiar with the negotiations.
The round, which could also include e-commerce and online services provider Paytm E-commerce, is set to value BigBasket at about $800m and the companies are waiting for approval from India’s antirust regulator before the deal is announced.
International Finance Corporation, Abraaj Group, Bessemer Venture Partners and Sands Capital reportedly invested $8m…
