Sachin Bansal invests ₹20 crore debt in Milkbasket
29 April 2019 10:23 AM GMT
Sachin Bansal?s investment also reflects his bullishness on debt investments.Milkbasket has operations in Gurugram, Noida, Ghaziabad and Bangalore
- Flipkart co-founder Sachin Bansal , said on Monday that he has invested ₹ 20 crore debt in online grocery and milk delivery startup Milkbasket , via BAC Acquisitions, the company from which he plans to deploy the billion-dollar fortune he amassed by selling Flipkart to Walmart last year.
- Founded in 2015 by Anant Goel, Ashish Goel, Anurag Jain and Yatish Talvadia, Milkbasket has operations in Gurugram, Noida, Ghaziabad and Bangalore, the startup aims to leverage technology for frictionless delivery, with features like one-click buying, no checkout and contactless delivery.
- Mint also first reported on February 25 that he has invested ₹ 250 crore in debt each in two non-banking finance companies- Altico Capital India Ltd and IndoStar Capital Finance Ltd.
- Existing investors, including Kalaari Capital, Unilever Ventures and Beenext Pte Ltd, also participated in the round.