• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:02:46 AM IST | Sunday, Feb 05, 2023
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Companies > Grocery start-up Bigbasket gets USD 14.5 million in venture debt
Companies
Grocery start-up Bigbasket gets USD 14.5 million in venture debt
By  
REUTERS   , Published : Jul 29, 2019, 2:20 pm IST | Updated : Jul 29, 2019, 2:20 pm IST

Bigbasket will use the fresh funds to set up warehouses and boost its cold chain.

The deal comes months after Bigbasket closed USD 150 million in funding from a group of investors.
The deal comes months after Bigbasket closed USD 150 million in funding from a group of investors.

Bengaluru: Bigbasket, valued at about USD 1 billion, will receive USD 14.5 million in debt from local venture capital firm Trifecta Capital, the online grocery start-up said on Monday.

The deal comes months after Bigbasket closed USD 150 million in funding from a group of investors, including South Korea-based Mirae-Naver and Chinese e-commerce giant Alibaba Group.

Bigbasket, which competes with Walmart Inc-owned Flipkart and Amazon.com Inc, will use the fresh funds to set up warehouses and boost its cold chain, the company said in a statement.

Vipul Parekh, co-founder of Bigbasket’s parent group, noted that the venture debt allows the company to limit dilution for its shareholders, but did not provide details on the nature of the debt.

end-of
Tags: 
bigbasket, venture capital, investment, funds, investors
Location: 
India, Karnataka, Bengaluru
Latest From Companies
HUL CMD Sanjiv Mehta said the results show that the long-term structural opportunity of FMCG in India remains intact.

HUL Q1 net profit rises 5.7 pc to Rs 1,897 crore

The management of Radar has built and exited 3 different businesses themselves which helps the sensitise first time and even veteran entrepreneurs.

Radar India advisors scales a new high

The top seven cities of Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Pune and Bengaluru accounted for 4.45 billion km.

Delhi sees more night trips than Bengaluru, Mumbai, says Ola

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham