SoftBank, already an investor in Grofers, would look to invest in a round of up to $100m for the merged company, should the Indian online grocery retailers come to an agreement.
India-based grocery e-commerce companies Grofers, which is backed by telecom and internet group SoftBank, and BigBasket have entered talks over a merger, LiveMint reported today.
SoftBank, which is reportedly also considering a billion-dollar investment in local e-commerce and payment company One97 Communications, would look to invest in a round for the merged company sized between $60m and $100m, according to three people aware of the development.
Grofers runs an on-demand grocery service that enables users to order goods from…
