BigBasket in talks to raise $500 million: Reports
Bengaluru-based online grocer BigBasket is in talks to raise between $300 and $500 million from China's Alibaba and new investors, as per reports. In February this year, the startup raised $300 million in a round led by Alibaba, valuing it at $950 million. Founded in 2011, BigBasket is backed by investors including Abraaj Group and Bessemer Venture Partners.