BigBasket eyes $500m war chest as Walmart, Amazon loom

BigBasket eyes $500m war chest as Walmart, Amazon loom

Founding members of Bigbasket: VS Sudhakar, Vipul Parekh, Hari Menon, Abhinay Choudhari, and VS Ramesh. Photographer: Samyukta Lakshmi/Bloomberg

BigBasket, India’s largest grocery start-up, is in talks with investors to build a large war chest to prepare for a long-drawn-out battle with deep-pocketed rivals Amazon India and Walmart Inc., which is nearing a deal to buy online retailer Flipkart, three people aware of the discussions said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter