India: Alibaba, Paytm conducting due diligence on BigBasket stake buy

An employee weighs tomatoes after packing them at a BigBasket warehouse on the outskirts of Mumbai November 4, 2014. REUTERS/Danish Siddiqui/Files

Chinese e-commerce giant Alibaba Group Holding Ltd. and its Indian associate Paytm E-commerce Pvt are in talks to invest about $200 million for a stake of roughly 20% in India’s leading online grocer, Bigbasket, according to a person with direct knowledge of the negotiations.

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