BigBasket in talks to raise $300-400m funding at $1.5-2b valuation

BigBasket, which has put merger talks with smaller rival Grofers on hold, may raise fresh funds from at least one new investor and existing investors in a round that is likely to value India’s largest online grocery startup at $1.5-2 billion, three people aware of the discussions said. Mint could not immediately ascertain the name of the new investor.