Back to Career News

100 mn USD to be Invested by BigBasket to Strengthen Supply Chain

April 30, 2019

100 mn USD to be Invested by BigBasket to Strengthen Supply Chain

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.

Image Source

Recommended for you ...

India’s Bank of Baroda says open to lending group
India’s Bank of Baroda says open to lending group

February 07, 2023

UK to launch a digital currency
UK to launch a digital currency

February 07, 2023

Banks to face margin pressure next fiscal
Banks to face margin pressure next fiscal

February 07, 2023

Chat on WhatsApp