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[Funding alert] BigBasket confirms $150M funding from Mirae-Naver, Alibaba and CDC

[Funding alert] BigBasket confirms $150M funding from Mirae-Naver, Alibaba and CDC

  • Bengaluru-based Supermarket Grocery Supplies Pvt Ltd (SGSPL), which owns and operates Bigbasket, has confirmed that it has closed $150 million in its Series F round from South Korea's Mirae Asset Global Investments, UK Government's development finance institution CDC Group, and the Alibaba Group.
  • The latest funding brings the hyperlocal grocery startup's valuation to over $1 billion.
  • Bigbasket said that these funds will be used for SGSPL's growth into existing markets with more investments in the first mile, scaling-up of its supply chain, and to develop new reseller channels.


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