Online grocer BigBasket in talks to raise $150 million for expansion
Tuesday, April 4, 2017, 9:05 AM
Online grocer BigBasket is in early discussions with multiple financial and strategic investors to raise $110-150 million to expand its warehousing and cold chain facilities. The new fundraising could more than double BigBasket's valuation to nearly $1 billion, according to one of the investors involved in the discussions. BigBasket was valued at $450 million following its $150 million fundraise in March last year.