- With Amazon Strengthening Its Grocery Delivery Army, BigBasket Makes Offline Foray With Kiosks Online grocery delivery startup BigBasket is reportedly looking to tap the offline market through kiosks that will stock fruits, vegetables, FMCG goods and other daily grocery items. The development comes just over a month after $300 Mn Series E funding in a round led by Chinese conglomerate Alibaba along with the participation of Abraaj Capital, […]
- Bigbasket Gets Govt. Nod For FDI In Food Retail; Alliance With Alibaba-Paytm Mall On Cards? Bengaluru-based online grocer Bigbasket has received a nod from the government on its investment proposal for FDI in food retail. Hari Menon co-founder and CEO of Bigbasket confirmed the development to Financial Express. He said that the company has received government approval for FDI proposal to undertake retailing of food products, which are manufactured or […]
- BigBasket Secures $6.9 Mn Venture Debt From Trifecta Capital Bengaluru-based online grocer BigBasket has raised about $6.9 Mn (INR 45 Cr) venture debt from Trifecta Capital. The funds will be used to meet the capex requirements of the company including setting up new warehouses, strengthening cold chain, and setting up reprocessing facilities for fruits & vegetables. Started by Fabmall founders VS Sudhakar, Hari Menon, […]
- BigBasket Raises $50 Mn From Bessemer Venture Partner; Eyes $1 Bn Valuation in FY17: Report Online food and grocery etailer, BigBasket, has reportedly raised $50 Mn (about INR 315 Cr) in its new round of funding led by its existing investor, Bessemer Venture Partners. With the new fundraise the startup is valued at about $400 Mn. The news surfaced the media in January this year, when BigBasket had planned to raise $15-16 Mn (about INR 100 Cr) from Bessemer. […]
- Online Grocery Retailer BigBasket Is Raising $15 Mn From Bessemer Venture Partners BigBasket, grocery etailer is in final talks to raise about $15-16 Mn (about INR 100 Cr) in a new round of funding to be led by Silicon Valley-based venture capital firm Bessemer Venture Partners. The new round will value BigBasket at around INR 1,400 Cr., says reports. The company plans to use this fund in […]