Milkbasket

company

About

Milkbasket is a micro-delivery service of daily essentials enabling users to place orders till midnight and an assured delivery by 7 AM

  • 501 - 1000

Details

Last Funding Type
Series B
Last Funding Money Raised
$5.50M
Industries
Delivery Service,E-Commerce,Food and Beverage,Internet
Founded date
Mar 1, 2015
Number Of Employee
501 - 1000
Operating Status
Active

Launched in early 2015, Milkbasket is India’s first and largest micro – delivery service of daily essentials. Built on the unique Indian habit of getting fresh milk delivered at home every morning, Milkbasket is today fulfilling the entire grocery needs of a household everyday with 6000+ products across 13+ categories. Milkbasket has innovated flexi-ordering and contactless deliveries, both global first, that enables its users to add or modify their orders till late midnight and get their no-disturbance silent deliveries right at their doorstep by 7 am next morning.

Milkbasket, backed by Reliance, is currently live in 20+ cities including major cities like Delhi NCR, Bangalore, Hyderabad, Chennai, Jaipur, Ahmedabad and expanding its footprints across other major Tier I and Tier II cities.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
7
$31.13M ₹150M
Milkbasket has raised a total of $31.13M ₹150M in funding over 2 rounds. Their latest funding was raised on Jun 20, 2020 from a Series B round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Jun 20, 2020 Series B $5.50M 2 Inflection Point Ventures Detail
Jun 27, 2019 Debt Financing ₹150M 1 InnoVen Capital Detail
Jun 4, 2019 Series B $10.50M 1 Detail
Dec 19, 2018 Series A $7M 1 Detail
May 22, 2018 Series A $7M 1 Kalaari Capital Detail

Investors

Number of Lead Investors
Number of Investors
3
4
Milkbasket is funded by 4 investors. Inflection Point Ventures and InnoVen Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Inflection Point Ventures Yes Series B
InnoVen Capital Yes Debt Financing
Kalaari Capital Series B
Draphant Seed