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BigBasket, Grofers begin merger talks

BigBasket, Grofers begin merger talks

Wednesday, April 19, 2017, 7:20 AM

Online grocer BigBasket, run by Supermarket Grocery Services Pvt. Ltd, and smaller rival Grofers India Pvt. Ltd have initiated talks for a merger that, if consummated, will also see SoftBank Group, an existing investor in the latter, participate in a $60-100 million funding round in the merged entity, said three people aware of the development.
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