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Alibaba, Paytm said to be in talks to invest in India's Bigbasket

Source says they are discussing an investment of about US$200m for a 20% stake

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Bigbasket has been pushing Indians to shop for everyday essentials via their smartphones, and has roped in Bollywood actor Shah Rukh Khan to market its services.

Bangalore

CHINESE e-commerce giant Alibaba Group Holding Ltd and its Indian associate Paytm E-commerce Pvt are in talks to invest about US$200 million for a stake of roughly 20 per cent in India's leading online grocer, Bigbasket, according to a person with direct knowledge of the

sentifi.com

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