<article>While e-grocer BigBasket is in talks to raise $150 million funding, health and wellness firm VLCC is looking to acquire WellScience Health.</article>

While e-grocer BigBasket is in talks to raise $150 million funding, health and wellness firm VLCC is looking to acquire WellScience Health.
<h3 style="text-align: justify;">BigBasket in talks with Tencent, Amazon, others to raise $150m</h3>
Online grocer <a style="color: #000080;" href="http://dealstreetasia.com/tag/bigbasket" target="_blank">BigBasket</a> is in talks with investors like China&#8217;s <a style="color: #000080;" href="http://dealstreetasia.com/tag/tencent" target="_blank">Tencent</a>, <a style="color: #000080;" href="http://dealstreetasia.com/tag/fosun" target="_blank">Fosun </a>and US e-commerce giant <a style="color: #000080;" href="http://dealstreetasia.com/tag/amazon" target="_blank">Amazon</a> to raise $110-150 million, according to <a style="color: #000080;" href="http://epaperbeta.timesofindia.com/index.aspx?eid=31815&amp;dt=20170404" target="_blank">a report</a> in The Economic Times quoting sources.
If the deal goes through then this round could nearly double the value of Supermarket Grocery Supplies Pvt. Ltd, that operates BigBasket, to $1 billion. In March last year, BigBasket had raised $150 million at a valuation of  $450 million.
The funding round was led by Dubai-based Abraaj Group which saw the participation of new investors such as the International Finance Corporation and Sands Capital. Existing investors like Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital also participated in the round.
Recently the Bengaluru-based firm raised $7 million venture debt firm<a style="color: #000080;" href="http://dealstreetasia.com/tag/trifecta" target="_blank"> Trifecta Capital</a> to meet capital expenditure requirements.
<h3 style="text-align: justify;">VLCC looks to buy dietary supplements firm WellScience Health</h3>
Wellness services and personal-care firm <a style="color: #000080;" href="http://dealstreetasia.com/tag/vlcc" target="_blank">VLCC</a> in discussions to acquire direct-selling dietary-supplements and nutraceuticals maker <a style="color: #000080;" href="http://dealstreetasia.com/tag/wellscience" target="_blank">WellScience Health</a>, according to <a style="color: #000080;" href="http://economictimes.indiatimes.com/industry/healthcare/biotech/healthcare/vlcc-in-final-stage-to-buy-wellscience-health/articleshow/57999655.cms" target="_blank">a report</a> in The Economic Times quoting sources.
“The move is in line with VLCC’s plan to accelerate its products business. The firm is looking at emerging categories within the fast-moving healthcare products space, and the new acquisition would be a natural extension for its personal care business,” said one of the sources cited in the report.
WellScience, which is promoted by former Oriflame CEO Lajinder Bawa, has an existing network of 25,000-30,000 members with major focus on the North and Eastern parts of the country.
“Until now, funding was the bottleneck for WellScience’s bid to scale and VLCC can address that. For VLCC, it would give it a ready foothold in the direct selling network and it could also be used to sell its own products ,” said the source.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/bigbasket-raises-150-million-from-abraaj-group-others-35011/" target="_blank">India: BigBasket raises $150m from Abraaj Group, IFC, Sands Capital</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/india-bigbasket-raises-rs45-crore-trifecta-capital-69148/" target="_blank">India: BigBasket raises funding from Trifecta Capital</a>
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/29821-29821/" target="_blank">India: NDTV’s health food venture Smartcooky gets funding from VLCC’s Vandana Luthra</a>

While e-grocer BigBasket is in talks to raise $150 million funding, health and wellness firm VLCC is looking to acquire WellScience Health.

India Digest: BigBasket in talks to raise $150m; VLCC looks to buy WellScience Health

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India Digest: BigBasket in talks to raise $150m; VLCC looks to buy WellScience Health

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