In a major boost to the start-up ecosystem, two of India’s promising start-ups joined the elite unicorn club in a matter of one week.
Bigbasket, a leading online grocery delivery firm, has just sealed a Series F round at an estimated valuation of around $2.3 billion — over twofold jump, when compared with its last reported valuation of $950 million.
The Bengaluru-headquartered company has raised a total of $150 million (approximately Rs 1,000 crore) in this round, from new and existing investors, company filings sourced from business intelligence platform Paper.vc, showed.
The round was led by existing investor Alibaba, a Chinese e-commerce giant, while Seoul-based financial services group Mirae Asset, and CDC Group, a development finance group linked to the UK government, also participated.
While Mirae put in around $60 million, Alibaba pumped in around $50 milli
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