RainCan: Exclusive: Bigbasket in talks to acquire micro-delivery startup RainCan, SuprDaily also in fray

Micro-delivery platforms have been witnessing a spurt in interest from investors as well as large grocery e-tailers including Bigbasket. While there were some media reports surfaced last month hinting that Bigbasket is in talks with Milkbasket and Dailyninja for investment, the Alibaba-backed company now seems closer to acquire Pune-based RainCan.Bigbasket is in advance stage with RainCan and Mumbai-based SuprDaily for potential acquisition said two sources aware of the development. "RainCan seems to have better chances given the terms and conditions of ongoing talk," confirms the above source.Continue reading Exclusive: Bigbasket in talks to acquire micro-delivery startup RainCan, SuprDaily also in fray at Entrackr.