In brief: BigBasket becomes India’s latest unicorn with $150m raise

• Indian grocery e-tailer BigBasket has closed a US$150 million funding round led by South Korea’s Mirae Asset Global Investments, along with UK government-owned CDC Group and existing backer Alibaba, regulatory filings show.
• The round values the company at a little over US$1.2 billion.
• While its competitors typically use the marketplace model, BigBasket offers private-label products and supply chain integration for its fresh fruits, vegetables, and meats businesses.

Source: The Economic Times