Chinese e-tailing giant Alibaba and homegrown e-wallet company Paytm are set to invest about $200 million in BigBasket. The investment would happen at a valuation of $600 million. BigBasket has so far raised about $250 million and has posted over three-fold increase in its revenues to Rs 563 crore for 2015-16. This investment would help Bigbasket consolidate its leadership position in e-grocery space and would also enable Alibaba and Paytm in taking on Amazon. Watch the video to know more.

Like this video? Sign up for our daily newsletter to get our top reports & videos.

Leave Your Comment(s)