India: BigBasket secures $14.5m debt funding from Trifecta Capital

Photo: Reuters

Bengaluru-based grocery delivery startup BigBasket owned and managed by SuperMarket Grocery Supplies Pvt. Ltd has received debt funding worth ₹100 crore from venture debt provider Trifecta Capital, according to a company statement on Monday.

The funds will be used to meet the working capital and capital expenditure requirements of the company including setting up new warehouses, strengthening the cold chain, setting up facilities for reprocessing of fruits and vegetables and for scaling-up of its supply chain for the recently launched milk subscription business – BB Daily and its specialty vending machine business – BB Instant.

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