The company had applied for the approval last year in September.
The company has raised about $305.8 bn till now.
Earlier in July, Alibaba Group Holding Ltd. and Paytm E-commerce Pvt. Ltd were in discussion to buy stake in Bigbasket, stated media reports.
bigbasket.com is India’s largest online food and grocery store. It has over 18,000 products and over a 1000 brands. It also has wide range of options available at the lowest prices. .It offers services in Bangalore, Hyderabad, Mumbai, Pune, Chennai, Delhi, Noida, Mysore, Coimbatore, Vijayawada-Guntur, Kolkata, Ahmedabad-Gandhinagar, Lucknow-Kanpur, Gurgaon, Vadodara, Visakhapatnam, Surat, Nagpur, Patna, Indore and Chandigarh Tricity city limits.
Alibaba Group Holding Limited is a Chinese e-commerce company which provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals.
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