Bigbasket Raises $200 Million From Tata Digital, Others

BigBasket has raised $200 million in new funding that has boosted the valuation of the Tata Digital-owned e-grocer to $3.2 billion, a top executive told ET. In addition to Tata Digital, which owns 64% in the Bengaluru-based company, other investors in the firm have also participated in the funding round. The company’s valuation has now increased by 60% compared to the last primary cash infusion. Mirae Asset, UK’s CDC are among other investors in BigBasket parent Supermarket Grocery Supplies.