BigBasket and Grofers have begun merger talks: Reports
On-demand grocery delivery startup BigBasket has begun merger talks with smaller rival Grofers, according to reports. Grofers' existing investor SoftBank is said to participate in a $60-100 million funding round in the merged entity, the reports added. BigBasket is hoping for a valuation of at least $700-800 million, while Grofers could be valued at $150-200 million.