BigBasket raises $150 million funding led by Dubai's Abraaj Group - 22-Mar-2016
Bengaluru-based online grocery retailer has raised $150 million in a latest round of funding led by Dubai-based private equity firm Abraaj Group. New investors such as International Finance Corporation and Sands Capital also participated in the funding round along with existing investors: Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital. Started in 2011, BigBasket currently operates across eight large cities and 10 tier II cities across the country. The online grocery company sells over 19,000 products across 1,000 brands, including fruits, vegetables, meat and personal care products. It delivers over one million orders per month.