Amazon and BigBasket have not yet agreed to any specific terms for the acquisition. Photo: Aniruddha Chowdhury/MintLondon: Amazon.com Inc. is in preliminary talks to buy the online grocery site BigBasket, as the American e-commerce firm steps up efforts to gain ground in the fast-growing market, according to people familiar with the matter. BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocery firm and operates in about 25 cities across the country. A spokesperson for BigBasket said that it’s untrue that Amazon is in talks to buy the firm. Amazon has been expanding in online food and grocery sales as it seeks to increase its product offerings.

Source: Mint June 13, 2017 13:50 UTC