CDC Group, the UK’s development finance institution has invested $40 million in homegrown grocery delivery firm BigBasket. The investment in Supermarket Grocery Supplies Pvt. Limited, which owns and operates BigBasket is along with an investment of about $60 million from Korea’s Mirae Global Asset Investments, another new investor as well as existing backer- China’s Alibaba investing $50 million. Their capital will directly contribute to a substantial projected increase in smallholder farmers supplying the Bigbasket brand, thereby boosting local income creation and living standards.