Dubai investment firm led investment of $150 million in Indian online business BigBasket
Dubai-based investment firm Abraaj Group led a $150 million investment in Indian online firm Bigbasket.
Founded in 2011, BigBasket is headquartered in Bangalore and serves customers across India. The company sells over 19,000 products across 1,000 brands, including fruits, vegetables, meat, beverages and personal care products. (This is Abraaj third investment into the global e-commerce market, following its acquisition of stakes in Turkish online retailer Hepsiburada - as DubaiBeat reported earlier - and Dubai-based mobile application taxi service Careem).
Abraaj Group is listed in the Middle East Investors Directory with the code OR01.
More details follows:
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