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BigBasket Apr, 20 2017

BigBasket in talks with Grofers India, to merge their business

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

By Franchise India Bureau
BigBasket in talks with Grofers India, to merge their business

India's online grocery delivery service BigBasket and smaller rival Grofers India have begun talks on a possible merger, a source has revealed.

The report said, If the merger goes through, SoftBank 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 also said, the talks, which are in early stages, may value BigBasket at about $700 million to $800 million, while Grofers could be valued at $150 to $200 million.

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

Related: Travel Food Services raise Rs 230 crore for expansion

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