Amazon considers acquisition of Indian online grocer
June 14, 2017
Internet Retail | Bangalore, India | Corporate Acquisition
Amazon (NASDAQ: AMZN) is reportedly in preliminary talks to acquire BigBasket, an Indian online grocery store. The possible acquisition comes as Amazon awaits final approval from the Indian government to launch its multimillion-dollar plan to enter the Indian online grocery marketplace. BigBasket has raised more than $240 million in venture funding, reaching a $400 million estimated valuation in 2015.