Bigbasket Online Grocery Store raised $150m in Funding
Bigbasket an online grocery store raised funding’s from Abraaj Group, InternationalFinanceCorporation, Sands Capital, Bessemer Venture Partner, Helion Advisors, Zodius Capital and Ascent Capital.
Bigbasket in a popular online Grocery store. It raised $150 million from a UAE-based Abraaj Group and other investors. Abraaj Group is also a leading investor in various growth markets around the globe. There recent funding’s in Bigbasket highlighted the future of an online grocery business in India. Owned by Innovative Retail Concepts Private Limited, Bigbasket is India’s leading online food, and grocery store that has the listing of over 18,000 products on the website.
It targets almost everything a buyer requires under the grocery section. Bigbasket aim in delivery fresh quality products that has helped it build up its reputation in the long run. It also keeps the price control at bay to keep buyers interest maintained in the purchase. The fundraising also emphasizes introductions of new investors along with Abraaj Group. The funding would help Bigbasket to get more into the e-commerce market in India.
It’s a huge platform of buyers for the world. Grocery is the most required item in everyday life. Bigbasket has a vast catalogue of around 1000 brands. Offering buyers a choice of wide variety of products at reasonable price. India’s e-commerce startup has performed well in past. The growth rate attracts investors to invest and participate more in the expansion part. This has led global investors to invest in Indian startup. Under a comprehensive online Grocery store, we have very few names to mention, that scale and cater a wide variety of products.
- Bigbasket is India’s leading online grocery store.
- It offers over 18000 products with 1000 brands to choose from.
- It’s raised $150 million to penetrate deeper into Indian e-commerce marketing and future expansion.