India’s BigBasket lands $150M to expand its online grocery service - 23-Mar-2016
There’s more money flowing into India’s e-commerce space after BigBasket, a Bangalore-based company that sells and delivers groceries online, landed a $150 million investment led by The Abraaj Group in the UAE. The Series D round also includes participation from new backers International Finance Corporation and Sands Capital, as well as existing investors Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital. BigBasket’s last funding activity came in August 2015 when it landed $50 million.