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BigBasket in talks for possible merger with Grofers India: News report

BigBasket may value at about $700 mn to $800 mn, while Grofers could be valued at $150 mn to $200 mn

Reuters 

BigBasket, Grocery
An employee weighs tomatoes after packing them at a Big Basket warehouse on the outskirts of Mumbai

India's online delivery service and smaller rival Grofers India Pvt Ltd have begun talks on a possible merger, Indian newspaper Mint reported on Wednesday, citing sources.

If the goes through, Group, which is an existing investor in Grofers', will participate in a $60 million to $100 million funding round in the merged company, the report added.

The talks, which are in early stages, may value at about $700 million to $800 million, while Grofers could be valued at $150 million to $200 million, Mint added.

Online sales are a fast growing segment in India's e-commerce industry as more consumers log in to internet for their purchases.

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BigBasket in talks for possible merger with Grofers India: News report

BigBasket may value at about $700 mn to $800 mn, while Grofers could be valued at $150 mn to $200 mn

BigBasket may value at about $700 mn to $800 mn, while Grofers could be valued at $150 mn to $200 mn

India's online delivery service and smaller rival Grofers India Pvt Ltd have begun talks on a possible merger, Indian newspaper Mint reported on Wednesday, citing sources.

If the goes through, Group, which is an existing investor in Grofers', will participate in a $60 million to $100 million funding round in the merged company, the report added.

The talks, which are in early stages, may value at about $700 million to $800 million, while Grofers could be valued at $150 million to $200 million, Mint added.

Online sales are a fast growing segment in India's e-commerce industry as more consumers log in to internet for their purchases.

image
Business Standard
177 22

BigBasket in talks for possible merger with Grofers India: News report

BigBasket may value at about $700 mn to $800 mn, while Grofers could be valued at $150 mn to $200 mn

India's online delivery service and smaller rival Grofers India Pvt Ltd have begun talks on a possible merger, Indian newspaper Mint reported on Wednesday, citing sources.

If the goes through, Group, which is an existing investor in Grofers', will participate in a $60 million to $100 million funding round in the merged company, the report added.

The talks, which are in early stages, may value at about $700 million to $800 million, while Grofers could be valued at $150 million to $200 million, Mint added.

Online sales are a fast growing segment in India's e-commerce industry as more consumers log in to internet for their purchases.

image
Business Standard
177 22