Indian online grocer has raised $150 million in a Series F that values the company at over $1 billion, according to various .泭
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A group of investors, including South Korea-based and China���s, led the round, which also included participation from London-based . (We’ve put in an email to the company to confirm its valuation and will update this story if we hear back.)
Eight-year-old BigBasket, which sells a range of products such as groceries and pet food, operates in 25 Indian cities. It is reportedly going to use the fresh capital toward expansion. The round brings BigBasket���s total raised over time .
BigBasket competes with Amazon and a subsidiary of Walmart, among others.
The funding comes at a time when India���s food delivery space is ramping up. In March, we reported that , an India-based startup that delivers grocery staples, had raised $60 million from , upping its valuation to $425 million, 泭插紳餃, , an India-based company that delivers food from restaurants, raised $1 billion in December in a round led by South Africa-based .
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