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Amazon is going to buy Indian online grocer Big Basket

According to rumors 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

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