What is Milkbasket?
Founded in 2015 and headquartered in Gurgaon, India, Milkbasket is a pioneering daily micro-delivery service. It addresses the unique Indian consumer habit of receiving fresh milk and other grocery essentials before 7:00 a.m. daily. The company has innovated with flexi ordering and contactless delivery, setting new benchmarks in the e-commerce industry for fulfilling complete household grocery needs with unparalleled convenience and speed.
How much funding has Milkbasket raised?
Milkbasket has raised a total of $16M across 4 funding rounds:
Angel/Seed
$500K
Angel/Seed
$3M
Series A
$7M
Series B
$5.5M
Angel/Seed (2016): $500K with participation from EVC Ventures
Angel/Seed (2018): $3M led by Unilever Ventures, BLUME Ventures, and Draphant
Series A (2018): $7M supported by Kalaari Capital
Series B (2020): $5.5M featuring Inflection Point Ventures, Beenext, Kalaari Capital, Unilever Ventures, Blume Ventures, and Mayfield India
Key Investors in Milkbasket
Unilever Ventures
Unilever Ventures is the venture capital arm of Unilever plc, a global consumer goods giant. They invest in companies that align with Unilever's portfolio, focusing on innovation in consumer products, technology, and distribution channels.
Blume Ventures
Blume Ventures is an India-focused early-stage investment firm that backs founders from seed through scale-up. They partner with teams building enduring technology-led businesses across consumer, enterprise, and deep tech.
Kalaari Capital
Kalaari Capital is a venture capital firm dedicated to investing in early-stage technology companies in India. They provide capital and strategic guidance to startups across various sectors, aiming to foster the growth of India's startup ecosystem.
What's next for Milkbasket?
The substantial enterprise-level funding Milkbasket has garnered positions it for aggressive scaling and further innovation in its logistics and delivery infrastructure. This strategic backing is expected to fuel expansion into new markets, enhance its technological capabilities for more efficient operations, and solidify its market leadership in the daily essentials delivery space. The company's focus on frictionless buying and daily fulfillment suggests a continued emphasis on customer retention and operational excellence.
See full Milkbasket company page
