BigBasket to raise $200 million at a valuation of $3.5 billion: Report

The infusion of fresh capital comes at a time when the company is aiming to expand its core offerings to compete with competitors like Dunzo, Zepto, Swiggy Instamart and others

Tata Digital-owned grocery firm BigBasket will soon raise $200 million at a valuation of $3-$3.5 million. The financing in the round is likely to come from Tata Digital and other shareholders, a report in Economic Times (ET) said. However, the exact amount of money to be raised has not been finalised yet. 

The online grocery company has filed its documents with the Registrar of Companies (RoC) to increase its authorised share capital. A 62 per cent stake in the company is held by Tata Digital. 

The infusion of fresh capital comes at a time when the company is aiming to expand