Then there’s Bigbasket, whose founders are veterans of the dotcom bust and mostly north of 50. Last month, Bigbasket raised $300 million in an Alibaba-led round that valued the grocer at $950 million—just shy of unicorn status. Ramesh (62), founded Bigbasket parent Supermarket Grocery Supplies Pvt, in December 2011 in a nondescript building in Bangalore’s humming Indiranagar neighbourhood. In 2011, they were approached to regroup for an online grocery. So Bigbasket plies customers with samples: leafy greens in Mumbai, a rice called Sona Masoori in Bangalore.

Source: Mint March 20, 2018 03:45 UTC