BigBasket Archives - Crunchbase News /tag/bigbasket/ Data-driven reporting on private markets, startups, founders, and investors Mon, 06 May 2019 14:59:03 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 /wp-content/uploads/cb_news_favicon-150x150.png BigBasket Archives - Crunchbase News /tag/bigbasket/ 32 32 India’s BigBasket Nets $150M As Grocery Delivery Heats Up /venture/indias-bigbasket-nets-150m-as-grocery-delivery-heats-up/ Mon, 06 May 2019 14:59:03 +0000 http://news.crunchbase.com/?p=18473 Indian online grocer has raised $150 million in a Series F that values the company at over $1 billion, according to various .Ìý

Subscribe to the Crunchbase Daily

A group of investors, including South Korea-based and China’s, led the round, which also included participation from London-based . (We’ve put in an email to the company to confirm its valuation and will update this story if we hear back.)

Eight-year-old BigBasket, which sells a range of products such as groceries and pet food, operates in 25 Indian cities. It is reportedly going to use the fresh capital toward expansion. The round brings BigBasket’s total raised over time .

BigBasket competes with Amazon and a subsidiary of Walmart, among others.

The funding comes at a time when India’s food delivery space is ramping up. In March, we reported that , an India-based startup that delivers grocery staples, had raised $60 million from , upping its valuation to $425 million, Ìý´¡²Ô»å, , an India-based company that delivers food from restaurants, raised $1 billion in December in a round led by South Africa-based .

Illustration:

]]>
/wp-content/uploads/2017/07/food_delivery_1440-1-e1593624832934.png