14 June 2017, India:
Jeff Bezos-led Amazon Inc. might acquire hyperlocal delivery service provider BigBasket to gain a market grip in India.
The discussions are at an early stage and may not lead to a sale as per the report by ET. Surprisingly, there were talks of a possible merger between BigBasket and Grofers but if Amazon seals the deal the merger will less likely happen.
BigBasket is India’s largest online grocery firm and operates in about 25 cities across the country. Earlier in March 2017, it raised Rs. 45 crores in venture debt from Trifecta Capital. BigBasket is focused on setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of Fruits & Vegetables.
Bigbasket.com is the first comprehensive online grocery store in Bangalore, Hyderabad, Mumbai, Pune, Chennai, Delhi, Noida, Mysore, Coimbatore, Vijayawada-Guntur, Kolkata, Ahmedabad-Gandhinagar, Lucknow-Kanpur, Gurgaon, Vadodara, Visakhapatnam, Surat, Nagpur, Patna, Indore, Chandigarh Tricity, Jaipur, Bhopal, Ludhiana and Jalandhar.
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