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

17 mins ago
Rob: Alan, ok then let the sale run for 24 hours then and let people take...
2 hours ago
alan paterson: @ Jack, we have been using the replacement for some time now. It seems to...
2 hours ago
alan paterson: @Rob, if you sent the "notice" out the day before it would surely effect revenue...
4 hours ago
northumbrian: must admit Rios record of only 5 own goals in much better than ebays have...