Mirae Asset, Alibaba lead $150m funding in Indian online grocer BigBasket

BigBasket founder Hari Menon. Photo: Mint

Online grocer BigBasket, which is operated by SuperMarket Grocery Supplies Pvt. Ltd, is raising about $150 million in fresh funding from investors including South Korean firm Mirae Asset and Chinese e-commerce giant Alibaba.

UK government-backed development finance institution CDC Group will also contribute to the round.

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