[Weekly funding roundup] BigBasket is India’ newest Unicorn, the second in 2019

[Weekly funding roundup] BigBasket is India’ newest Unicorn, the second in 2019
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  • 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.


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