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BigBasket.com raise USD 10 mn from Ascent Capital - 06-Mar-2012
Online grocery store BigBasket.com today said it has raised USD 10 million (about Rs 50 crore) from private equity firm Ascent Capital in its first round of institutional funding for expansion. "The funds would be used for expansion of BigBasket.com. By the end of this year, we plan to establish presence in Delhi, Mumbai, Chennai and Hyderabad," BigBasket.com Finance and Marketing Head Vipul Parekh said.