Bengaluru-based hyperlocal startup BigBasket is close to completing its $150 mn funding round with sizable investments from Chinese ecommerce giant Alibaba, South Korean Mirae Asset Global Investments and the UK government-backed CDC Group. Prior to this round, BigBasket had raised a total of $874.6 mn across 13 funding rounds from investors such as Alibaba, Helion Venture Partners, Bessemer Venture Partners, Abraaj Group, LionRock Capital and others.

(Inc42)