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.