Sources: Alibaba to buy 30% of India’s online grocer BigBasket for $300M, with $80M of the investment used to buy shares from existing shareholders (Madhav Chanchani/The Economic Times)

Madhav Chanchani / The Economic Times:
Sources: Alibaba to buy 30% of India’s online grocer BigBasket for $ 300M, with $ 80M of the investment used to buy shares from existing shareholders  —  BENGALURU: Alibaba is poised to buy over a third of online grocer BigBasket, according to three people directly aware of the impending deal, for about $ 300 million.


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