19 April 2017
Grofers and BigBasket enter merger talks
SoftBank, already an investor in Grofers, would look to invest in a round of up to $100m for the merged company, should the Indian online grocery retailers come to an agreement.
Author: Robert Lavine, News Editor
India-based grocery e-commerce companies Grofers, which is backed by telecom and internet group SoftBank, and BigBasket have entered talks over a merger, LiveMint reported today.