Bigbasket valuation hits $2.2 billion; turns unicorn with $150 million funding from Alibaba, others
27 March 2019 6:30 PM GMT
Bigbasket, after around eight years of launch, has turned unicorn. The startup, which competes with SoftBank-backed Grofers, Amazon Pantry, Flipkart's Supermart, is the first online grocery venture to turn unicorn. Bigbasket joined the elite club following its $150 million fundraising from Alibaba, others.
- Mirae Asset made maximum contribution the round with .8 million followed by million invested by Alibab and million came from CDC Group.
- India's first online grocery store Bigbasket, around eight years after launch, has joined the elite club of startups in India with a valuation of $1 billion or more.
- Bigbasket, which had so far raised $885.7 million in 13 rounds so far, as per deals tracker Crunchbase, hit a whopping $2.28 billion valuation with the latest $150 million fundraising from Alibaba, the UK's CDC Group and South Korea's Mirae Asset Global Investments, as per regulatory filings sourced by business signals platform Paper.vc.
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