New Delhi: Grocery delivery startup Milkbasket on Tuesday said it has raised an additional $10.5 million (approx ₹72.73 crore) in its latest round of funding led by Unilever Ventures, with participation from Mayfield India, Kalaari Capital, and Blume Ventures and few Indian family offices. Milkbasket said more than 70% of its revenue comes from non-milk products, from the wide assortment of over 8,500 stock keeping units, and it has launched its services in four cities across India within the last six-seven months. "We are steadily and surely moving towards our goal of achieving $1 billion annual recurring revenue in 2021. Launched in early 2015, Milkbasket has till date raised close to $26 million (approx ₹180 crore) in equity funding from Mayfield Advisors, Beenext, Kalaari Capital, Unilever Ventures, Lenovo Capital (LCIH), Blume Ventures and few family offices. This story has been published from a wire agency feed without modifications to the text.

Source: Mint June 04, 2019 09:00 UTC