Bigbasket raises up to $60 million from Alibaba, others: Report

Online grocer Bigbasket raised $50-60 million in a bridge round led by Alibaba and other existing investors, Entrackr reported. "The round materialised about two weeks ago. It's a much-needed capital for Bigbasket that has been witnessing a surge in demand due to coronavirus pandemic," Entrackr quoted a source. Other existing investors including Mirae Asset and CDC Group also participated.