India: BigBasket raises up to $60m in bridge round from Alibaba, others

India: BigBasket raises up to $60m in bridge round from Alibaba, others

BigBasket founder Hari Menon. Photo: Mint

Bengaluru-based grocery delivery startup BigBasket has raised $50-60 million in a bridge funding round led by China’s Alibaba Holdings and other existing investors, amid surging online orders due to the coronavirus outbreak.