Milkbasket raises $5.5 mn in Inflection Point-led fresh funding round

Online grocery and home essentials delivery platform Milkbasket has raised $5.5 million in a fresh funding round led by Inflection Point Ventures along with existing investors. The company will use the funding to grow its operations across India. 

According to Milkbasket, its Gurgaon, Noida and Bengaluru operations are already breaking even with other cities on an accelerated track. 

“"This is probably our last fund raise on our path to profitability – that we target to achieve in 2020. These funds will provide a further boost in our efforts to achieve the same and necessary buffers to deal with any eventualities,”