Milkbasket raises $5.5 mn funding round led by Inflection Point Ventures

Grocery delivery platform Milkbasket on Monday said it has closed a fresh round of investment of $5.5 million (around Rs 41 crore) led by Inflection Point Ventures.

Existing investors Blume Ventures, Kalaari Capital, Mayfield India, Unilever Ventures and BeeNext have also participated in the Series B round, a statement said.

The valuation at which the funds were raised was not disclosed. Milkbasket has raised over $33 million in funding so far.

"This is probably our last fundraise on our path to profitability that we target to achieve in 2020. Our Gurgaon, Noida and Bengaluru operations are already breaking even with