BigBasket raises $150 million from Alibaba and Others
Mirae has pumped in about $60 million, while CDC and Alibaba have infused $40 million and $50 million, respectivelyBigBasket has previously stated that it aims to garner $2.5 billion (around 17,500 crores) in revenue by 2020.
New Delhi: Online grocery platform BigBasket has raised about $150 million from South Korea's Mirae Asset Management, UK's CDC Group, and existing investor Alibaba, according to regulatory filings.
BigBasket had raised $300 million in February last year from Alibaba and others. In November, it had said it was looking at raising fresh funds of up to $200 million.
Mirae has pumped in about $60 million, while CDC and Alibaba have infused $40 million and $50 million, respectively, according to documents filed with the corporate affairs ministry.
The grocery s...