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BigBasket in talks with Temasek for $100 Mn potential funding

Shortpedia

Content Team
Image Credit: shortpedia

Online grocery has turned hyper-competitive after the entry of JioMart and the country’s second and third largest e-grocers BigBasket and Grofers have been feeling the heat. To maintain their positions, the duo need to raise large funding rounds and BigBasket appears close to raising a fresh round. The Bengaluru-based venture is in talks to raise up to $100 million led by Temasek, as per report.