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BigBasket gets funds from Alibaba, Mirae as investors bet on Indian startups

Online grocery retailer receives $150 million

An employee carries goods at a BigBasket warehouse on the outskirts of Mumbai.   © Reuters

MUMBAI (NewsRise) -- Indian online grocery retailer BigBasket received funds worth $150 million from Alibaba Group and other global investors, signaling the rebound in interest in south Asian nation's online startups.

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