Bigbasket raises $50 million debt funding from Alibaba

Date posted: Wednesday 6 May 2020

Online grocery platform Bigbasket has raised $50 million debt funding from existing investor Chinese e-commerce giant Alibaba Group Holding Ltd. The new debt funding comes just a week after BigBasket raised $60 million as a part of a new bridge round from existing investors Alibaba, South Korea’s Mirae Asset and UK-development finance institution CDC Group.

(Live Mint)