CDC invests $40 million in BigBasket at unicorn valuation
23 April 2019 2:38 PM GMT
The investment in Supermarket Grocery Supplies Pvt. Limited, which owns and operates BigBasket is along with an investment of about $60 million from Korea?s Mirae Global Asset Investments.The deal also marks CDC?s first deal in the Indian startup space
- CDC Group, the UK's development finance institution, said on Tuesday that it has invested $40 million in homegrown grocery delivery firm BigBasket.
- In the Indian renewable space, it has invested $25 million in IDFC Alternatives-backed clean energy firm Green Infra in November 2013.
- In April 2017, CDC announced an investment of up to $100 million to support the development of renewable energy projects in India.
- The three investors had led BigBasket's $150 million fund-raise in March 2016.
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