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
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
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