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India: Online grocer BigBasket in talks with Temasek for $100m fundraise

India: Online grocer BigBasket in talks with Temasek for $100m fundraise

Photo: Reuters

Bengaluru-based BigBasket is in talks to raise up to $100 million in a fresh funding round led by Singapore’s state investment arm Temasek Holdings to fight new competitors, including JioMart, in the online grocery segment.