Milkbasket raises $5.5 Mn with plans to turn profitable in 2020
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Gurugram-headquartered hyperlocal delivery startup Milkbasket has raised $5.5 Mn in fresh funding led by Inflection Point Venture with participation from existing investors— Blume Ventures, Kalaari Capital, Mayfield India, Unilever Ventures and BeeNext. Milbasket CEO said this is the last fundraise for the company on its path to profitability in 2020. Founded in 2015, Milkbasket caters to household grocery needs.