India: BigBasket closes $150m round led by Mirae Asset, Alibaba, CDC

Photo: Reuters

Online grocery platform BigBasket has become the latest startup to join the country’s unicorn club after closing a $150-million funding round led by Mirae Asset-Naver Asia Growth Fund, China’s Alibaba, and UK’s CDC Group, The Economic Times reported.

Unicorn is a moniker used for privately-held startups that are valued at $1 billion or more.

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