Online grocery player, bigbasket today said it has raised USD 300 million (about Rs 1,920 crore) in a funding round, led by Chinese e-commerce major Alibaba and others. The deal will give bigbasket more muscle to compete against rivals like Grofers and e-tailing giant Amazon. Other investors, who participated in the round include Abraaj Capital, Sands Capital and IFC. The company plans to use the investment to build farmer networks and expand deeper into existing cities.