Share:
POST
TWEET
SHARE
SHARE
EMAIL

Alibaba to invest $200 million in India’s biggest online grocery concern BigBasket

By Dan Wilson December 10, 2017 - 9:33 pm

According to reports, Alibaba plans to invest about $200 million in India’s largest online supermarket, BigBasket as part of a $280 million funding round in the startup.

Apparently Alibaba will be taking a stake of about 25% in Bigbasket according to Bloomberg. Previously, Amazon had reportedly been in talks with BigBasket with the aim of taking a stake in the up and coming Indian grocery store.

The groceries market is fast becoming a key battleground for ecommerce marketplaces. That’s hardly a surprise because it’s such a big chunk of everyday spending. Amazon is making great leaps forward in the area already with its purchase of Whole Foods and the development of Amazon Pantry and Amazon Fresh.

But whilst the online arena is very competitive for groceries, is it truly a threat to the high street? It’s also very interesting to note that Alibaba is taking such a stake in an Indian company where shopping for food is highly localised.

But largely because of the scale of the national spend, and also the size of India’s economy and population of over a billion souls, this is an enticing investment by Alibaba. Even a modest share of the market in Indian groceries could be a very lucrative line.

Comments are closed.

Tamebay Guide

Welcome to our Tamebay Guide. Companies listed in the directory represent the leading suppliers in the UK and Europe.
Alibaba is China's biggest online commerce company that offers

Recent Comments

3 hours ago
Kevin: Alibaba will fail in Europe as they will have to overcome Amazon and EBay which...
3 hours ago
SAM: Am am afraid eBay recommendations are not worth the email they send out every 5...
4 hours ago
ifellow: These are called BALLS. HMRC need to grow some and quickly....
5 hours ago
james: they usually defy all logic for me. "you're the best price, the best seller, the most...