Aliababa is going to buy 20% stake in BigBasket
Aliababa is going to buy 20% stake in BigBasket Chinese Ecommerce giant Alibaba is about to invest in BigBasket. It is the largest Indian Online groceries start up . But it seems tough to play in the indian e commerce battle ground . Because , Flipkart also announced to launch grocery in its private level . Online grocery has been rising , it reaches now $1 billion in 2017 . After falling talks with Amazon, BigBasket is to raise roughly $200-300 million from Alibaba and digital payments start-up Paytm . source: Livemint