Bigbasket raises $300 million funding from Alibaba

Updated:8 years, 5 months ago

New Delhi, Feb 02 (ANI): In a fresh funding led by Chinese e-commerce company Alibaba, the online grocer Bigbasket has raised USD 300 million. The funds will be used as investment to build farmer networks, expand deeper into existing cities, and become the most preferred employer for blue-collar jobs. Bigbasket’s CEO and co-founder Hari Menon said, “The funds will be directed towards bettering our technological, analytical, and infrastructural prowess, all of which will enable the company to move up the curve. Bigbasket is currently partnering with about 1800 farmers throughout the country and aims to become the 'most preferred partner' for up to 3000 of them." Bigbasket recently crossed the 8 million customers mark and continues to expand its customer base. It has also strengthened its B2B business by expanding to the hotels, restaurants, and caterers segment and partnering with kirana stores in an effort to transform them into technology-enabled modern retail stores.

Top Videos

Updated:2 years, 5 months ago

Amid dry winter in Kashmir, snow-clad Bangus Valley in Kupwara district emerges as winter wonderland

Updated:2 years, 5 months ago

Grand welcome given to sculptor Arun Yogiraj at Bengaluru Airport

Updated:2 years, 5 months ago

Injured WB CM Mamata Banerjee meets West Bengal Governor CV Anand Bose

Updated:2 years, 5 months ago

Couple set goals! Husband to lead Sikh Regiment, wife to command ICG contingent in R-Day Parade

Updated:2 years, 5 months ago

Inside India’s and Air India’s first Airbus A350 with luxurious seats, new interiors

Updated:2 years, 5 months ago

J-K: Srinagar’s Ghanta Ghar comes alive with spectacular Tricolour lighting

Bigbasket raises $300 million funding from Alibaba

Top Videos

Related Video

Sensex-Nifty open red, skids over 2,500 points amid Iran crisis; what it means for retail investors?

SEBI Chief Tuhin Kanta Pandey speaks on ‘Jane Street’ crackdown and enhanced surveillance measures

Impact of Middle East crisis! Will retail investors feel safe investing in IPOs? SEBI Chief Explains

Gautam Adani visits Baba Baidyanath temple in Deoghar, performs darshan and offers prayers

“Increase export…” Auto Industry expert Bagga outlines industry roadmap after trade deal with US

Distilleries Association seeks GST cuts on flex-fuel vehicles to boost in domestic demand

‘75 years old relation, beautiful Country…’ Sibi George hails India‑Iran Bilateral Ties

Monetary Policy Committee keeps the repo rate unchanged at 5.25%: RBI Governor Sanjay Malhotra

Challenges like obesity, digital addiction need immediate policy attention: Pharmexcil Chairman

Adani defence signs landmark partnership with Embraer aims to redefine future of aviation in India

‘New negotiations, could be final…’ Envoy Juan Angulo shares update on India-Chile CEPA talks

Adani Group invested ₹10,000 Cr generating over 7,000 jobs in last 3 years in Telangana: Karan Adani

Moscow Reveals Winners of International Expert of the Year 2025 Award

Novasensa COO Lacayo says India push critical mineral growth faster by ‘fixing policy gaps’

Union Commerce Minister Piyush Goyal attends 54th UAE National Day celebration in Delhi Union Commerce Minister Piyush Goyal attends 54th UAE National Day celebration in Delhi

"The decision..." India's Defence Secretary Rajesh Kumar Singh gives big update on Kaveri Jet Engine

Electronics Export Council CEO stresses India’s push for self-reliant electronics manufacturing

मुख्यमंत्री भजनलाल शर्मा ने जीएसटी बचत उत्सव के तहत लोगों को किया जागरूक

Piyush Goyal, UAE Counterpart explore fresh investment avenues at 13th bilateral task force

Indian stock market surged on Monday after India-Pakistan ceasefire understanding reached