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Online grocer RedMart said to be seeking buyer

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Published Tue, Sep 20, 2016 · 09:50 PM

Singapore

REDMART Ltd, the Singapore online grocer backed by billionaire Facebook Inc co-founder Eduardo Saverin, is seeking a buyer as competition inten-sifies in the city-state, people with knowledge of the matter said.

RedMart is working with an investment bank on options including a possible sale of the grocer, which delivers products ranging from fresh dragonfruit to frozen dumplings, according to the people.

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