Venture Capital

Milkbasket Raises Rs 15 Crore From Innoven Capital | Business Standard News

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Grocery delivery startup Milkbasket Wednesday said it has raised Rs 15 crore from venture debt firm Innoven Capital. This latest funding is in addition to USD 10.5 million (around Rs 72.59 crore) the company had raised earlier this month led by Unilever Ventures, with participation from Mayfield India, Kalaari Capital, Blume Ventures and few Indian family offices. "The fresh investment positions us firmly for continued growth, and we will be investing substantially in geographical expansion, new technological advancements and hiring through the year," Milkbasket Co-founder and CEO Anant Goel said in a statement.

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