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Bigbasket has raised USD 300 million, from Alibaba and others in a new funding round.
The company stated that, it is planning to use the money for building farmer networks, expand deeper into existing cities, and to hire new hands.
Further, Hari Menon, chief executive and co-founder stated, “Bigbasket is delighted to receive this funding from Alibaba, which will essentially be directed towards growth and consolidation by bettering our technological, analytical, and infrastructural prowess.”
