[Weekly funding roundup] BigBasket is India’ newest Unicorn, the second in 2019
The final week of the fiscal saw the Indian startup ecosystem raising total funding of $469 million across 14 deals, BigBasket became an unicorn.
- The week saw two big-bang rounds – that of BigBasket which announced it was raising $150 million from its largest stakeholder Alibaba and new investors Mirae Asset and CDC Group, and Delhivery, which raised $413 million from SoftBank, Fosun and Carlyle Group.
- Ecommerce application in Indian languages Bulbulshop raised Rs 14.05 crore (around $2.03 million) led by 10XF, a Mauritius-headquartered entity connected to Sequoia Capital, with participation from Leo Capital and its founder, Rajul Garg, Sequoia Capital India Trust and Mohan Krishna Lakhamraju.
- Series A and B see five deals Bus aggregator Shuttl raised Rs 49.99 crore (around $7.2 million) from Sequoia Capital, SCI Investments, Lightspeed India Partners and Times Internet this week as part of its Series B round.
- Online real estate investment platform Property Share raised close to $2 million in a Series A round led by Lightspeed Venture Partners.