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FUNDING Bigbasket receives $200 million from parent company Tata Digital 

According to the source, Bigbasket will use the additional funding to grow the rapid commerce platform BB Now and utilise it as a tool for core Bigbasket customers rather than convincing current customers to try the 30-minute delivery service.The organisation official said that after hitting its goal of launching 300 dark stores by the middle of August, Bigbasket would probably look at an interim approval to raise its store count for the BBNow business.

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FUNDING Bigbasket receives $200 million from parent company Tata Digital 

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  1. Search here ...  Bigbasket receives $200 million from parent company Tata Digital  Home - Fund Raising - Bigbasket receives $200 million from parent company Tata Digital Fund Raising  December 27, 2022       

  2. BigBasket, located in Bengaluru, is said to have secured an additional $200 million from Tata Digital and other investors, valuing the company at $3.2 billion.   The new funding comes after BigBasket raised INR 1,000 crore from its parent 몭rm. With the $200 Mn investment made at the time of purchase included, this marks Tata Digital’s fourth investment in BigBasket.   Over the previous 1.5 years, the Tata Sons company has contributed more than $550 Mn to BigBasket.  According to a report, Bigbasket would reportedly be valued at $3–3.5 billion post-money following the investment round. In a secondary share sale in March of this year, the 몭rm was valued at $2.7 billion.  With a target of around Rs 320 crore by December of next year, BB Now is recording gross sales of roughly Rs 130 crore every month. Right now, dark shops may be found in more than 24 cities.  By launching its rapid-commerce vertical, BBNow, in December 2021, the 몭rm, which has been expanding, will be in direct rivalry with other well- funded companies like Instamart by Swiggy, Zomato’s grocery delivery service through Blinkit, and quick commerce operator, Zepto.  Future Plans of the Company-  According to the source, Bigbasket will use the additional funding to grow the rapid commerce platform BB Now and utilise it as a tool for core Bigbasket customers rather than convincing current customers to try the 30- minute delivery service.  The organisation o몭cial said that after hitting its goal of launching 300 dark stores by the middle of August, Bigbasket would probably look at an interim approval to raise its store count for the BBNow business.  You can share this post!

  3.        Previous article D-Street Triggers Include F&O Expiration and Core Sector Data   Related Articles Leave a Reply Your email address will not be published. Required 몭elds are marked * Comment * Name * Email * POST COMMENT Search here ...  Latest Update RECENT POPULAR COMMON

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  6.  December 27, 2022 D-Street Triggers Include F&O Expiration and Core Sector Data    December 27, 2022 AOR for Jack Daniel’s India is BBDO India   Newsletter Subscribe to our mailing list to get the new updates! 

  7. Subscribe our newsletter to stay updated Your email address  About Indiabiz Recent Post  December 27, 2022 Bigbasket receives $200 million from parent company Tata Digital  December 27, 2022 D-Street Triggers Include F&O Expiration and Core Sector Data    December 27, 2022 AOR for Jack Daniel’s India is BBDO India   Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations 

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