The online grocery store secured $8m from a consortium including International Finance Corp as it has yet to confirm a reported $200m investment from Paytm Mall.
BigBasket, an India-based grocery e-commerce platform, has received Rs520m ($8m) in funding from the World Bank’s private investment arm International Finance Corporation, Abraaj Group, Bessemer Venture Partners and Sands Capital, Inc42 has reported.
The funding followed a $5.8m investment from Helion Ventures and Trifecta Capital revealed in a regulatory filing several days earlier. Reports in September suggested that e-commerce firm Paytm Mall was set to invest $200m in BigBasket in return for a 20% stake, however the deal has…
