Alibaba Seeks Approval To Take Stake In India’s Bigbasket E-Grocer

Source: Deal Street Asia, Tuesday, Nov 14, 2017

Chinese online giant Alibaba is seeking approval from the Competition Commission of India (CCI) to acquire a stake in online grocery start-up BigBasket. The CCI confirmed that Alibaba Singapore was seeking to purchase a share in BigBasket’s parent Supermarket Grocery Supplies.