Paytm Mall may acquire majority stake in BigBasket, talks on fast track

BigBasket wants a seat on the board of Paytm Mall, according to sources

Paytm Mall, Paytm’s e-tail platform, could soon pick up a majority stake in online grocery provider BigBasket. Sources said that discussions on the deal, which began last year, were on a fast track. 

A Paytm spokesperson denied that the company was in talks with BigBasket. However, according to sources, the company has been trying to team up with an e-grocery provider ever since there were rumours last year that Walmart wanted to tie up with an e-commerce partner in India.

In February, Paytm’s backer Alibaba invested $200 million in BigBasket. While closing the financing round, the Chinese tech and e-commerce giant told