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Last Updated : Apr 26, 2018 09:02 PM IST | Source: Moneycontrol.com

BigBasket in investment talks with DailyNinja, Milkbasket: Report

BigBasket is looking to expand aggressively and leave behind Amazon India and Flipkart

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In a bid to expand in micro-delivery space in online grocery sale, BigBasket is looking to invest in two smaller grocery delivery start-ups - DailyNinja and Milkbasket, reported Mint citing its sources familiar with the matter.

India’s largest grocery startup BigBasket has given an informal offer to both the firms and is discussing upon them. No information has been disclosed on the amount of investment. The talks are in initial stage and the companies have not reached to any final deals yet.

Moneycontrol couldn't independently verify the report.

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The company, which raised USD 300 million from Alibaba Group earlier this year, is looking to expand aggressively and leave behind Amazon India and Flipkart, which are also trying to own a big share of grocery businesses.

BigBasket has become a familiar name among customers who order large quantities of groceries, FMCG (fast-moving consumer goods) products and household items on a weekly basis. However, now it is eyeing to expand in micro-delivery space, which refers to the delivery of a relatively small number of daily essentials such as dairy products, fresh fruits and vegetables, within a few hours of an order being placed.

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First Published on Apr 26, 2018 08:56 pm
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