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BigBasket raises Rs.45 crore from Trifecta Capital

BigBasket raises Rs.45 crore from Trifecta Capital

Friday, March 31, 2017, 9:03 AM

Online grocery store BigBasket has raised Rs.45 crore from venture debt firm Trifecta Capital to meet capital expenditure requirements, even as the company talks to a host of investors to raise at least $100 million. BigBasket confirmed the investment by Trifecta. Funds will be used to set up new warehouses and facilities for reprocessing fruits and vegetables, and for strengthening the cold chain infrastructure.
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