Online grocer BigBasket sales cross US$170m in 2017

INDIA - Innovative Retail, which runs BigBasket, has more than doubled its business to cross the Rs 1,000-crore (US$158 million) sales mark in FY17, indicating the growing preference for online grocery-shopping in India despite sluggish trends in the broader consumer market. Innovative Retail reported revenues of Rs 1,090 crore (US$172 million) in the year to…