According to rumors Amazon.com Inc. is in contact with Indian grocery site Big Basket, Indian grocery market is the fastest growing sector of among Indian market so the American company Amazon steps up efforts to gain ground in the fast-growing market,
BigBasket, run by SuperMarket Grocery Supplies Pvt, is India’s largest online grocer and operates in about 25 cities across the country.
according to Big Basket they said that it’s not true that Amazon is in talks to buy the firm. A representative for Amazon is also declined to comment.
Amazon’s CEO Jeff Bezos has already announces that they spend $5 billion in India in coming years to competes with local rivals. Amazon’s success in the country has pushed the two largest domestic e-commerce players, Flipkart Ltd. and Snapdeal.
Till now both the companies Amazon and Big Basket have not yet agreed to any specific terms, Big Basket has also had discussions with private equity firms, may be soon both the stores will start join venture to serve people and make business