Alibaba seeks govt nod to buy stake in BigBasket: Reports
Chinese e-commerce giant Alibaba has reportedly sought the approval of the Competition Commission of India (CCI) to acquire a stake in online grocery startup BigBasket. It comes months after Alibaba and Paytm Mall initiated discussions with the Bengaluru-based startup for a $200 million investment. The deal would raise the startup's post-money valuation to $900 million, according to reports. 