BigBasket in Talks for Possible Merger With Grofers, Claims Report

[rahul1117kumar]

India's online grocery delivery service BigBasket and smaller rival Grofers India Pvt. Ltd. have begun talks on a possible merger, Indian newspaper Mint reported on Wednesday, citing sources.

The talks, which are in early stages, may value BigBasket at about $700 million to $800 million (roughly Rs. 4,518 crores to Rs. 5,163 crores), while Grofers could be valued at $150 to $200 million (roughly Rs. 969 crores to Rs. 1,291 crores), Mint added.

BigBasket in Talks for Possible Merger With Grofers, Claims Report | NDTV Gadgets360.com

 

[im_dude]

Both have very different business model.I am customer of both.

 

[hike]

SRK in advt said he's big basketed (and I listened something else when I saw him first time, in first advt)