MilkBasket Raises $2.85 Mn in Debt Funding from Sachin Bansal's BAC Acquisitions

MilkBasket Raises $2.85 Mn in Debt Funding from Sachin Bansals BAC Acquisitions

  • Gurgaon headquartered grocery and milk delivery startup MilkBasket has raised an additional Rs 20 crore ( ~ US$2.863 million) in venture debt led by Flipkart co-founder Sachin Bansal's BAC Acquisitions, reported Economic Times citing sources.
  • Launched in 2015, by Anant Goel, Anurag Jain, Ashish Goel, Ekwe Chiwundu Charles and Yatish Talavdia, Milkbasket is touted as India's first subscription-based micro-delivery service fulfilling daily dairy essentials and household needs of consumers.
  • Last month, Milkbasket made its first acquisition when it acquired Noida-based Veggie India, an online store for organic fruits and vegetables.


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