Alibaba, Paytm in talks to buy 20% stake in BigBasket 
Chinese e-commerce giant Alibaba and its associate Paytm have entered into a 60-day pact to buy 20% stake in online grocery startup BigBasket for about $200 million (â¹1,290 crore). Previous reports suggested that Amazon was in talks to acquire BigBasket. The startup has raised around $220 million (â¹1,400 crore) from investors including Abraaj Group and Bessemer Venture Partners so far.