Gurugram-headquartered hyperlocal delivery startup Milkbasket has raised $2.86 Mn (INR 20 Cr) in a debt funding round. Flipkart cofounder Sachin Bansal through his tech fund, BAC Acquisitions, has invested in the round.
The funds will help this milk and grocery delivery startup reach the required capital expenditure and research and development across domains.
Founded by Anant Goel, Ashish Goel, Anurag Jain and Yatish Talvadia, Milkbasket began its journey as a milk-delivery startup. Over the last four years, the company has expanded to fulfill the grocery needs of a household every day before 7:00 a.m.
Prior to this round, Milkbasket has raised nearly $16 Mn from Mayfield Advisors, Beenext, Kalaari Capital, Unilever Ventures, Lenovo and Blume Ventures.