CAM, JSA, Platinum, Trilegal lead on BigBasket $150 million fund raise

Bar & Bench April 2 2019

SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer BigBasket, is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset.

Mirae Asset will put in $59.9 million in this round. UK government-owned development financial institution CDC Group Plc will contribute $40 million while China’s Alibaba Group, BigBasket’s largest shareholder, will invest $50 million.

Cyril Amarchand Mangaldas acted for BigBasket.

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