PAYTM MALL EYES EXPANSION, IN TALKS FOR STAKE IN GROFERS

Online retailer Paytm Mall is in talks with e-grocer Grofers India Pvt. Ltd for a potential investment or a merger. Japanese conglomerate Soft Bank, a common investor in Paytm Mall and Grofers , initiated the deal talks, the people said . For Soft-Bank , the push to bring the companies together is largely aimed at helping Grofers access Paytm Mall’s about $170 million cash on hand to extend its runway.

Separately, Patym Mall has also held discussions to invest in or acquire milk delivery start-ups Milk-Basket, as it explores multiple other options in the online grocery segments.

Sandip Ginodia , Director

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