India: Alibaba seeks competition panel nod to buy stake in online grocer BigBasket

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

To capture a slice of India’s growing hyperlocal delivery space, Chinese Internet giant Alibaba has sought the approval of the Competition Commission of India (CCI) to acquire a stake in online grocery startup BigBasket.

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