BigBasket eyes $500 million war chest as Walmart, Amazon loomBigBasket, India’s largest grocery start-up, is in talks with investors to build a large war chest to prepare for a long-drawn-out battle with deep-pocketed rivals Amazon India and Walmart Inc., which is nearing a deal to buy online retailer Flipkart, reports Mint citing sources. According to the report, BigBasket, which raised $300 million from Alibaba Group Holding Ltd and others in February, is in talks to raise between $300 million and $500 million from Alibaba and new investors, citing sources. Read moreTrifecta Capital raised Rs500 crore in its maiden debt fund and aims to fully exhaust the fund by the next quarter. Ltd that runs online marketplace Snapdeal.com, for Rs120 crore, reports Mint. Ltd to joint venture partner DSP Group, marking the exit of yet another foreign asset manager from the Indian mutual fund industry, Mint reports.

Source: Mint May 08, 2018 06:56 UTC