Total amount raised
$1.5 Billions
Latest funding date
Location
BigBasket has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive online grocery shopping experience, catering to a wide range of customer needs.
Keep reading to explore the intricacies of BigBasket's fundraising journey and the investors backing this innovative platform.
What Is BigBasket?
BigBasket, founded on October 1, 2011, in Bangalore, Karnataka, India, is a leading online grocery shopping platform. The company was established by Abhinay Choudhari, Hari Menon, Vipul Parekh, VS Ramesh, and VS Sudhakar.
BigBasket offers a comprehensive range of groceries, including fresh fruits, vegetables, pulses, grains, dairy, and household products, delivered directly to customers' doorsteps. The platform emphasizes convenience, quality, and customer satisfaction.
With a workforce of over 10,001 employees, BigBasket continues to innovate and expand its services, ensuring a seamless shopping experience for millions of customers across India.
How Much Funding Has BigBasket Raised?
- Amount Raised: $438.9K
- Date: July 18, 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance operational capabilities and expand market reach.
- Amount Raised: $150M
- Date: May 6, 2019
- Lead Investors: Mirae Asset-Naver Asia Growth Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technology infrastructure.
- Amount Raised: ₹1B
- Date: July 29, 2019
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support expansion into new markets and enhance delivery services.
- Amount Raised: ₹250M
- Date: February 11, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To bolster inventory and logistics capabilities.
- Amount Raised: $60M
- Date: April 9, 2020
- Lead Investors: Alibaba Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance technological infrastructure and expand service offerings.
- Amount Raised: $51.8M
- Date: April 15, 2020
- Lead Investors: Alibaba Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational expansion and improve customer service.
- Amount Raised: $11.6M
- Date: July 1, 2021
- Lead Investors: British International Investment
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and enhance delivery infrastructure.
- Amount Raised: ₹10B
- Date: April 13, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve technological capabilities.
- Amount Raised: ₹3.5B
- Date: June 2, 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance market reach and improve service quality.
- Amount Raised: $200M
- Date: December 21, 2022
- Lead Investors: Tata Digital
- Valuation at Round: $3.2 billion
- Motivation Behind the Round: To strengthen infrastructure and ramp up marketing for the core grocery business.
Total Amount Raised: $472.8M
Current Valuation: $3.2 billion
Key Investors
- Tata Digital
- Details: Tata Digital is a subsidiary of Tata Sons, focusing on digital businesses and investments. It owns 64% of BigBasket and has been involved in multiple funding rounds for the company.
- Investment Focus Areas: Digital services, e-commerce, technology-driven consumer services.
- Notable Investments: BigBasket, Tata Cliq, 1mg.
- British International Investment
- Details: British International Investment is a development finance institution from the United Kingdom. It focuses on driving economic growth and development in emerging markets.
- Investment Focus Areas: Infrastructure, financial services, healthcare.
- Notable Investments: BigBasket, Airtel Africa, Greenlight Planet.
- Alibaba Group
- Details: Alibaba Group is a Chinese multinational conglomerate specializing in e-commerce, retail, internet, and technology. It has been a significant investor in BigBasket.
- Investment Focus Areas: E-commerce, cloud computing, digital media.
- Notable Investments: Lazada, Ant Financial, BigBasket.
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is an Indian venture debt firm that provides financing to high-growth startups. It has supported BigBasket in its expansion efforts.
- Investment Focus Areas: Technology, consumer services, healthcare.
- Notable Investments: BigBasket, UrbanClap, CarDekho.
- Mirae Asset-Naver Asia Growth Fund
- Details: Mirae Asset-Naver Asia Growth Fund is a joint venture between Mirae Asset and Naver, focusing on investments in high-growth companies in Asia. It has been a key investor in BigBasket.
- Investment Focus Areas: Technology, e-commerce, financial services.
- Notable Investments: BigBasket, Zomato, Ola.
What's Next for BigBasket?
BigBasket is poised for significant growth, with plans to expand its core grocery business to 75 cities and invest heavily in its quick commerce product, BB Now. The company aims to integrate additional services like BB Daily and Tata Digital’s epharmacy offering 1mg onto its main app, creating a comprehensive 'super app' experience for users.
Future fundraising opportunities seem likely as BigBasket continues to scale operations and enhance its technological infrastructure. However, the company faces challenges such as intense competition from players like Swiggy Instamart and Zepto, and the logistical complexities of rapid expansion. Balancing these growth initiatives with maintaining high service quality will be crucial for BigBasket's sustained success.
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