Paytm Mall to buy ₹1,290 crore stake in BigBasket: Reports

Alibaba-backed online marketplace Paytm Mall is reportedly in talks to acquire a minority stake in online grocer BigBasket for about $200 million (₹1,290 crore). In June, BigBasket reportedly signed a 60-day exclusivity deal for a potential acquisition by Amazon. The startup has raised at least $220 million so far from investors including Abraaj Group, Bessemer Venture Partners, and Sands Capital.