Alibaba set to invest $300 million in BigBasket: Reports
Chinese e-commerce giant Alibaba is set to invest $300 million (over â¹1,900 crore) for a one-third stake in online grocer BigBasket, according to reports. The deal is expected to give the Bengaluru-based startup a valuation of about $850-900 million. Reports had earlier suggested that Alibaba was seeking approval from the Competition Commission of India (CCI) to buy stake in BigBasket. 