One97 Communications owned, online market space Paytm Mall has started due diligence of the accounts and the operations of online grocery retailer BigBasket, for a $ 200 million minority stake.
BigBasket has been looking for investments since the start of the year and has attracted interests from several investors including ecommerce giant Amazon. However, according to reports, talks with the retail giant have been paused for the past couple of weeks.
High profile investors including Wal-Mart Stores Inc., Tencent Holdings Ltd., and Fosum International Ltd., have also shown interest in the online grocery retail startup. But, the various fundraising efforts were delayed due to valuation differences.
In 2016, BigBasket was valued at $ 450 million when it last raised capital in March. They are now seeking for a pre money valuation of at least $ 550 million. Investment firm Morgan Stanley will be advising the grocery retailer in these talks. They registered about Rs. 1400 crores revenue in the financial year 2017 and have also started 60 minute express delivery to take on rival online grocery retailer, Groffers.
Paytm Mall also recently raised $ 200 million from Alibaba Group and SAIF Partners in March, in an effort to compete against Amazon India and Flipkart. According to sources, this deal will help Paytm Mall strengthen its online to offline strategy and will help them take on their rivals, The Economic Times reported.
Amazon recently got the Department of Industrial Policy and Promotion’s approval to invest $ 500 million in the food processing sector, which will allow them to directly sell groceries and other food products online.
Paytm has been targeting categories such as movie and travel ticketing to encourage repeat purchases through its online payments and mobile wallet business. Paytm Mall hosts 14,000 sellers for millions of products across various categories. A majority stake in the food processing sector will allow them to grow in the online retail sector giving them an edge over the other ecommerce giants.
Rketyyzj
May 24, 2025 at 10:22 pm
Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino activities.
iwin
November 5, 2025 at 3:07 pm
iwin – nền tảng game bài đổi thưởng uy tín, nơi bạn có thể thử vận may và tận hưởng nhiều tựa game hấp
Kuwin
November 8, 2025 at 1:48 am
kuwin sở hữu kho game đa dạng từ slot đến trò chơi bài đổi thưởng, mang đến cho bạn những giây phút giải trí tuyệt vời.
ios超级签
November 9, 2025 at 5:15 am
苹果签名,苹果超级签平台,ios超级签平台ios超级签苹果企业签,苹果超级签,稳定超级签名
MM88
November 10, 2025 at 12:28 am
Với giao diện mượt mà và ưu đãi hấp dẫn, MM88 là lựa chọn lý tưởng cho các tín đồ giải trí trực tuyến.
谷歌蜘蛛池
November 12, 2025 at 12:37 am
利用强大的谷歌蜘蛛池技术，大幅提升网站收录效率与页面抓取频率。谷歌蜘蛛池
J88
November 15, 2025 at 3:01 pm
Đến với J88, bạn sẽ được trải nghiệm dịch vụ cá cược chuyên nghiệp cùng hàng ngàn sự kiện khuyến mãi độc quyền.
MM88
December 2, 2025 at 10:23 am
Khám phá thế giới giải trí trực tuyến đỉnh cao tại MM88, nơi mang đến những trải nghiệm cá cược thể thao và casino sống động.