BigBasket raises $150mn led by Abraaj Group
Hyperlocal grocery delivery startup BigBasket on Tuesday raised $150 million in a funding round led by UAE-based Abraaj Group. Existing investors Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital along with new investors International Finance Corp and Sands Capital also participated in the round. BigBasket had reportedly raised $92.8 million in three earlier rounds.