Milkbasket Acquired
Milkbasket was a subscription-based daily micro-delivery service for milk, groceries and household essentials, founded in Gurugram in 2015. Customers placed orders before midnight via app/wallet for doorstep delivery by 7am the next morning. Backed by Kalaari Capital, Unilever Ventures, BeeNext, Blume Ventures and others, it was acquired by Reliance Retail Ventures (96.49% stake) in 2021 and later fully integrated into…
Milkbasket: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 23 Jun 2020 | Series B | $5.5 Mn | Inflection Point Ventures BeeNext Blume Ventures Kalaari Capital Mayfield Unilever Ventures | source |
| 26 Jun 2019 | Debt | $2.16 Mn | InnoVen Capital | source |
| 4 Jun 2019 | Series B | $10.5 Mn | Unilever Ventures Blume Ventures Kalaari Capital Mayfield | source |
| 22 May 2018 | Series A | $7 Mn | Kalaari Capital BeeNext Blume Ventures Unilever Ventures | source |
| 23 Jan 2018 | Pre-Series A | $3 Mn | Unilever Ventures | source |
| 22 Aug 2017 | Pre-Series A | Undisclosed | Blume Ventures Lenovo Capital and Incubator Group | source |
| Apr 2016 ~ | Pre-Series A | $500K | EVC Ventures | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 22 Oct 2021 | Reliance Retail Ventures | Milkbasket | Undisclosed | source |
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Who founded Milkbasket?
Milkbasket was founded by Anant Goel, Ashish Goel, Anurag Jain, Yatish Talvadia in 2015.
How much funding has Milkbasket raised?
Milkbasket has raised $28.66 Mn across 7 tracked funding round(s), most recently on 2020-06-23. Figures are compiled from cited public sources.
Who are the investors in Milkbasket?
Investors in Milkbasket include Inflection Point Ventures, BeeNext, Blume Ventures, Kalaari Capital, Mayfield, Unilever Ventures, InnoVen Capital.
What does Milkbasket do?
Milkbasket was a subscription-based daily micro-delivery service for milk, groceries and household essentials, founded in Gurugram in 2015. Customers placed orders before midnight via app/wallet for doorstep delivery by 7am the next morning. Backed by Kalaari Capital, Unilever Ventures, BeeNext, Blume Ventures and others, it…
Where is Milkbasket headquartered?
Milkbasket is headquartered in Gurugram, Haryana, India.
What is Milkbasket's business model?
Milkbasket's core value proposition centers on Daily micro-delivery of household essentials before 7am.
How does Milkbasket make money?
Milkbasket's cited revenue streams include Delivery charges, subscriptions and transaction commissions.