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Online grocer BigBasket in talks to raise $150 million for expansion

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.
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