New York-based Boxed, the startup for buying food and household items in bulk, is in talks to be acquired by Kroger for about $500 million.

Other retailers are also expected to be making bids.

The news was first reported by Forbes and confirmed to TechCrunch by a source with knowledge of the situation.

We’re hearing that the company is aiming to make a decision this weekend.

Founded in 2013, Boxed is effectively an online Costco competitor.

With just a few taps, customers can order large boxes ranging from cereal to laundry detergent.

The text above is a summary, you can read full article here.