To keep up with rival Amazon, Alibaba and Paytm Mall are set to venture into online grocery by investing an estimated $200m in online grocery store, Big Basket according to Economic Times.
Amazon which recently snapped up Whole Foods in fresh deal estimated at $13.7bn, is too eyeing online grocery store Grofers which is backed by Japan’s SoftBank group. Meanwhile, Paytm which raised $1.4 bn from Softbank earlier this year is aiming to continue its expansion after introducing cashback recently in a bid to dominate the Indian digital payments Read full story ›
Source: The Drum
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