SuperMarket Grocery Supplies Pvt. Ltd, which owns online grocer Bigbasket is raising $150 million (about Rs 1,040 crore) in a fresh round of funding led by South Korean firm Mirae Asset. Mirae Asset will put in $59.9 million in this round, filings with the Registrar of Companies (RoC) show. UK government-owned development financial institution CDC Group Plc will contribute $40 million while China’s Alibaba Group, BigBasket’s largest shareholder, will invest $50 million. According to report estimates, the investment will increase the Bengaluru-based company’s valuation to $2-2. billion. BigBasket had achieved the unicorn status in February last year when it raised $300
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