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BigBasket To Raise $33 Mn From ICICI Ventures And Zodius Capital - 17-Jun-2014
Innovative Retail Concepts Private Limited, which runs online grocery and food store BigBasket.com is about to raise $33 Mn in funding from ICICI Ventures and Zodius Capital. Reports suggests that the startup is looking at $100-million valuation, and for this round IT major Wipro’s Azim Premji’s investment arm PremjiInvest and Sequoia Capital were also looking to invest but however moved out of the race after placing lower offer.