BigBasket to become unicorn with $150 million funding: Report

Bengaluru-based grocery delivery startup BigBasket is reportedly raising $150 million at a pre-money valuation of $1 billion, giving it the tag of a 'unicorn', or a billion-dollar startup. The round is reportedly being led by existing investor, Chinese e-commerce giant Alibaba. Founded in 2011, BigBasket has raised over $885 million till date.