American Express Ventures could exit bulk-buying e-commerce platform Boxed, which is considering acquisition offers of up to $500m.

Boxed Wholesale, a US-based bulk grocery delivery service backed by payment services firm American Express, has received a range of acquisition offers from retailers, Forbes reported on Friday.

Supermarket and multi-department store operator Kroger is reportedly one of the most likely retailers to acquire Boxed, though membership-only warehouse retailer Costco and discount store operators Target and Aldi are also expected to bid.

The initial bids are expected to be in the range of $325m to $500m, with the lower end…