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Alibaba, Temasek and Fosun In Talks To Pick Up Stake In BigBasket

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Alibaba,Temasek and Fosun Stake in Bigbasket, Chinese ecommerce Alibaba,Paytm Mall,Temasek Holdings,Sanjiang Shopping Club,2017 Latest Business New,Startup News India

The Chinese ecommerce major Alibaba has reportedly joined investee Paytm Mall in their talks to pick up a stake in the online grocery retail startup, BigBasket. The Economic Times reported the online grocer is also holding talks with Singapore’s sovereign wealth fund Temasek Holdings and China’s Fosun Group along with Alibaba.

Paytm Mall, according to media reports, was also in talks with BigBasket for buying a minority stake by investing about $ 200 million in the homegrown startup. Alibaba Group Holdings have a majority ownership of the digital payment platform Paytm’s ecommerce arm.

According to Economic Times, Alibaba and Paytm plan to invest $ 200 million in BigBasket at a post investment valuation of nearly $ 900 million. They have also started the due diligence for this potential investment. Kinzon Capital which is the venture capital arm of Fosun is in discussions with BigBasket to join the ongoing funding round with an investment of about $ 20 – $ 30 million.

It is unclear if the Singapore based wealth fund, Temasek will join this round of funding or if they will directly invest in BigBasket later. Economic Times also reported, an associate on behalf of Temasek said, “As matter of policy, we do not comment on market speculation and rumours,” in response to their queries.

BigBasket was also reportedly in talks with Amazon for a sellout which fell through due to differences over valuation. The global ecommerce giant recently also got the government’s approval to invest $ 500 million in the food retail sector. Ecommerce rival Alibaba has also been doubling down on grocery and physical retail investments globally. They recently acquired the Singapore based online grocer RedMart and have invested $ 305 million in offline discount supermarket chain Sanjiang Shopping Club in China.

Hari Menon, Abhinay Choudhari, V.S. Sudhakar, Vipul Parekh and V.S. Ramesh founded the online grocery retail startup in 2011. Investment bank Morgan Stanley is advising BigBasket in these talks.

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Zerodha Reports 23% Profit Decline in FY25 as Revenues Miss Target

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Zerodha FY25

Zerodha experienced a challenging FY25, as its revenue fell 11.5% to ₹8,847 crore and net profit dropped 22.9% to ₹4,237 crore. This decline reflects tougher regulatory conditions, lower trading volumes, and increased operational costs in the brokerage market, all of which impacted core earning segments for the company.​

Despite these headwinds, Zerodha improved its operating margin to 63.78% and built up significant cash reserves, reporting ₹22,679 crore in bank balances. Salary expenses and director remuneration increased, but disciplined cost controls helped the company maintain profitability and a debt-free balance sheet. The drop in active clients and increased compliance costs further contributed to the profit contraction.​

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In the competitive digital payments market, Zoho Pay differentiates itself through its tight business software integration with apps like Zoho Books, Zoho Payroll, and Zoho Commerce, offering small businesses unified access to payments, billing, and accounting. The company is also expanding its reach with POS devices for merchants featuring UPI QR, card payments, and instant reconciliation tools. With founder Sridhar Vembu’s vision of a ‘Chat + Pay’ ecosystem, Zoho Pay reflects a bold step toward redefining India’s fintech scene with a secure, ad-free, and locally developed alternative to global payment platforms.

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Meta Expands AI-Powered Reels Translation to Hindi and Portuguese, Enhancing Global Creator Reach

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