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Online milk delivery start-up in talks with Amazon for acquisition
April 20, 2020
Milk Basket is in talks with Amazon for acquisition. If the deal with Amazon India happens, it will be an all stock deal.
Milk Basket has been in talks with Amazon India for past few months but it outcome was nothing. The talks are not in an advanced level and may not convert into a deal.
According to the source, “Now Amazon is seeing value in the online milk delivery start-up due to the outbreak of pandemic. Demand for grocery and essentials have increased due to spread of virus”.
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