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BigBasket raises $150 million in funding led by Abraaj Group

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Indian grocery delivery service BigBasket has raised $150 million in fresh funding in a round led by UAE's Abraaj Group as the company looks to expand its services into smaller cities, the investor said.

Existing investors Bessemer Venture Partners and Helion Advisors along with International Finance Corp and Sands Capital participated in the round, Abraaj said in a statement.

Online grocery sales is a fast-growing segment in India's e-commerce industry as more consumers log in to the...

BigBasket raises $150 million in funding led by Abraaj Group

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