100 mn USD to be Invested by BigBasket to Strengthen Supply Chain
April 30, 2019
In a bid to fortify its supply chain, BigBasket is looking to invest around 100 million USD for setting up small distribution centers and vending machines in the various cities that it’s operational in.
The online grocery platform has operations in 25 Indian cities and has a valuation of 1 billion USD. It raised 150 million USD in a new funding round which it plans to use for penetrating into the existing marketing by scaling-up the supply chain.