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BigBasket secures Rs 32.65 crore from Helion Venture Partners: Report

Bangalore-based online grocery store, BigBasket has raised Rs 32.65 crore from Helion Venture Partners, reports Financial Express. The funding has been raised through allotment of 50,000 shares at Rs 6,509.25 each on September 27, 2017, according to the company’s registrar of companies (RoC) filing. Other existing investors like Trifecta Capital, Brand Capital, Bessemer Venture Partners, Ascent Capital, among others also participated in the round. MediaNama has reached out to BigBasket for statement on this development, we will update as soon as we hear back from them. Big Basket’s Previous Fundings and Highlights This month, BigBasket raised Rs 5.5 Crore from its existing investor Trifecta Capital. The round was reportedly an extension of its previous funding of Rs 45 crore from the investors in March this year, to meet the capex requirements of the company, including setting up new warehouses, strengthening the cold chain and setting up facilities for reprocessing of fruits and vegetables. In March 2016, BigBasket raised $150 million in a round of funding led by Abraaj Group with participation from International Finance Corporation and Sands Capital among others, and existing investors including Bessemer Venture Partners, Helion Advisors, Zodius Capital and Ascent Capital. In August 2015, the company raised $50 million in a round of funding from Bessemer in August last year. At the time, the startup appointed Citigroup to help raise an additional $150 million from a new set of investors. In September 2014, BigBasket raised Rs 200 crore investment. Prior to that, BigBasket had raised $10 million from Ascent Capital…

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