InvestorQ : Why has the start-up, Milkbasket raised fresh fund from Venture Capitalists?
indhumathi Sayani made post

Why has the start-up, Milkbasket raised fresh fund from Venture Capitalists?

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shrinidhi Rajan answered.
4 months ago
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Milkbasket, which is a start-up delivery platform, has closed a fresh round of investment of $5.5 million or close to Rs.41 crore. The investment was led by Inflection Point Ventures while existing investors like Blume Ventures, Kalaari Capital, Mayfield India, Unilever Ventures and BeeNext participated in the funding round.

The company proposes to become profitable by the end of the year which will be a big positive as most unicorns are awfully short on financial performance. The funds are expected to provide a boost to their growth plans and also provide necessary buffers to in the event of down-cycles in demand.

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