BigBasket looks to secure $50 million funding from PremjiInvest
BigBasket is set to grow bigger with another round of funding in the pipeline for the Bengaluru-based online grocery store. If reports are to be believed, the online grocer is in talks with Premji Invest to secure $50 million in funds and this deal is expected to be finalized in three months.
In September last year, BigBasket secured $32 million funding from investors led by Helion Venture Partners and Zodius. Besides Bengaluru, it currently operates in Mumbai, Hyderabad, Pune and Chennai, and plans to expand into Delhi also soon.
About Author
After dwindling with her family business, into travel and hospitality, for more than 3 years, Pooja Vishant found her true love in writing. Happy-go-lucky and cheerful, she loves pink; so pink is the way to go if you want to get into her good books. The Associate Editor keeps track of even a leaf that has moved in the ecommerce world!
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