Online grocer BigBasket gets approval for FDI in food retail
Bengaluru-based online grocer BigBasket on Wednesday received government's approval for foreign direct investment to undertake retailing of food products, which are made or produced in India. The startup had applied for approval in September 2016 with an investment of about $16.5 million (over â¹100 crore). BigBasket was founded by VS Sudhakar, Hari Menon, and Abhinay Choudhari with others in 2011.