Milkbasket receives $3M funding

milkbasket-receives-3m-funding

Gurugram based online micro-delivery platform Milkbasket has secured investment worth $3 million in a Pre-Series A Round comprising Unilever Ventures, the venture capital and private equity arm of Unilever.

 

Designed to provide convenience, MilkBasket offers a wide selection of grocery products before midnight. This investment and Unilever’s expertise will be deployed to strengthen technology at the back end as well as front end, expanding their assortment and customer base, and monetising other streams of revenues.

 

At present, Milkbasket is growing exponentially and has become a popular brand in the city of Gurugram. The startup’s vision is to become a strong player in online top-up groceries platform in India within the next five years.

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