South Korea’s Mirae leads $150m round in BigBasket - ET Retail
28 March 2019 9:40 PM GMT
The round has valued BigBasket at close to $1.2 billion, marking its entry into the unicorn club of private companies valued over $1 billion.
- BigBasket's wholesale unit revenue up 35% BigBasket reported around 34% increase in its revenues to Rs 1,606 crore in the financial year ending March 2018, while it controlled losses, which fell by 53% to Rs 310 crore.
- BENGALURU: South Korea 's Mirae Asset Management and UK's development finance institution CDC Group, along with Chinese e-commerce giant Alibaba , have invested $150 million in online grocer BigBasket , according to filings made by the company with ministry of corporate affairs.
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