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Alibaba invests $200 million in Indian online grocer Bigbasket

(Bloomberg)—Alibaba Group Holding Ltd., China’s e-commerce giant, plans to invest about $200 million in India’s largest online supermarket, Bigbasket, leading a $280 million funding round in the startup, according to people familiar with the negotiations. Alibaba is taking a stake of about 25% in Bigbasket, No. 325 in the Internet Retailer 2017 Asia 500, after […]

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