Alibaba invested $146m to lead the round, which more than doubled the valuation of the India-based online grocer inside two years.
E-commerce group Alibaba has led a $300m round for India-based online grocery BigBasket that included private equity firm Abraaj Group and venture capital firm Bessemer Venture Partners, Bloomberg reported yesterday.
Alibaba invested $146m in the round according to Reuters, which also identified investment adviser Sands Capital Management and International Finance Corporation (IFC), the private investment arm of the World Bank, as participants.
Helion Ventures and Trifecta Capital had invested $5.8m as part of the round, according to a regulatory filing…
