Deals Buzz: Alibaba set to invest $300 million in BigBasket - News Summed Up

Deals Buzz: Alibaba set to invest $300 million in BigBasket


Mswipe raises $10 million from DSG Consumer, B CapitalMswipe Technologies Pvt. Read moreAlibaba all set to put $300 million in BigBasketAlibaba 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. Ltd were in talks to invest about $200 million for a stake of roughly 20% in Bigbasket, citing people familiar with the matter. This is the second acquisition within a year, having earlier acquired recruitment solution company VibrantMinds Technologies, reported The Economic Times. Read moreChai Point plans to raise more than $10 million in Series C fundingMountain Trail Foods Pvt.


Source: Mint December 07, 2017 06:45 UTC


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