Bigbasket Gets Rs 1,000 Crore Investment
04/13/22, 12:30 AM
Location
bengaluruMoney raised
₹10 billion
Bengaluru: Tata-owned Innovative Retail Concepts, which runs online grocery platform BigBasket, has received a capital infusion of Rs 1,000 crore from holding company Supermarket Grocery Supplies, regulatory filings sourced from business intelligence platform Tofler showed.
Company Info
Location
bengaluru, karnataka, india
Additional Info
ET reported on March 23 about how the Bengaluru-based firm was planning to offer multiple models of delivery to consumers including one-hour delivery of BB Express besides the recently launched 10-20 minutes delivery service, BB Now. Besides the egrocery business, BigBasket is providing key logistics infrastructure to ecommerce delivery of other Tata brands too. BigBasket is one of its key online businesses. BigBasket is the largest online grocer in the country.