Milkbasket in talks with Amazon for acquisition


Online milk delivery startup Milkbasket is in talks with Amazon India for a potential acquisition, according to sources acquisition talks with BigBasket did not go through due to differences in valuation If the deal with Amazon India materializes, it will be most likely be an all-stock deal.


Amazon sees more value in the company because of the Covid-19 crisis. The spread of the virus has triggered a demand for grocery and essentials with an emphasis on no-contact delivery Milkbasket declined to comment for this story. An Amazon India spokesperson said, “We do not comment on what we may or may not do.” Milkbasket declined to comment for this story. An Amazon India spokesperson said, “We do not comment on what we may or may not do.”

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