Grocery delivery startups BigBasket and Grofers are planning a merger: Report

BigBasket and Grofers, which are among the leading startups in the online grocery delivery space, are reportedly in talks regarding merging their businesses.

As per people aware of the development, if the deal goes through, SoftBank Group — an existing investor in Grofers, will participate in a $60-100 million funding round in the merged entity.

A report from LiveMint suggests that BigBasket is hoping for a valuation of at least $700-800 million, while Grofers could be valued at $150-200...

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