BigBasket raises Rs45 crore from Trifecta Capital
- by B2B Desk 2017-03-31 06:51:34
Online grocery store BigBasket (Supermarket Grocery Supplies Pvt. Ltd) has raised Rs45 crore from venture debt firm Trifecta Capital to meet capital expenditure requirements, even as the company talks to a host of investors to raise at least $100 million (about Rs650 crore), said two people aware of the development.BigBasket confirmed the investment by Trifecta. The funds will be used to set up new warehouses and facilities for reprocessing fruits and vegetables, and for strengthening the cold chain infrastructure.
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