Gurugram-based micro delivery startup Milkbasket has raised $7 million in Series A funding led by Kalaari Capital with participation from the Singapore-based BeeNext. It plans to utilise the funds to bring efficiencies in its supply chain, last-mile logistics, and to expand into other geographies.
In January this year, Milkbasket had raised $3 million funding in a Pre-Series A round led by Unilever Ventures. Previously, it raised a total of $1 million in seed and angel investment from a group of Chinese VCs and domestic angel investors. The startup maintains to have utilised the fund in expanding the company’s operations in Gurugram and to acquire new talent.
Milkbasket started its service in a micro-delivery model akin to the prevalent newspaper and milk supply chain models in India. The startup today has a reach of over 40K households in more than 180 communities in Gurugram.