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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.