What is Milkbasket?
Founded in 2015 and headquartered in Gurgaon, India, Milkbasket has established itself as the nation's first and largest daily micro-delivery service. The company capitalizes on the daily milk delivery habit, expanding its offerings to fulfill a household's entire grocery needs before 7:00 a.m. Milkbasket has pioneered innovations in the e-commerce industry, including flexible ordering and contactless delivery, to facilitate frequent and frictionless purchasing. Its business model is designed to cater to the specific consumption patterns of Indian households, ensuring fresh produce and daily essentials are delivered with unparalleled efficiency.
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, Draphant, and BLUME Ventures
Series A (2018): $7M supported by Kalaari Capital
Series B (2020): $5.5M featuring Inflection Point Ventures, Beenext, Blume Ventures, Unilever Ventures, Kalaari Capital, and Mayfield India
Key Investors in Milkbasket
Inflection Point Ventures
Inflection Point Ventures is an investment firm that focuses on founder-driven technology product companies with the potential to transform their industries. They actively invest in startups and funds, leveraging a network of partners who are also personal investors.
Beenext
BEENEXT is a founder-first venture capital firm that supports bold ideas from innovative entrepreneurs across various sectors, emphasizing collaboration and networking. Their portfolio includes diverse startups focused on fintech, sustainability, mobility, and enterprise SaaS.
Blume Ventures
Blume Ventures is an India-focused early-stage investment firm that backs founders from seed through scale-up, partnering with teams building enduring technology-led businesses across consumer, enterprise, and deep tech.
What's next for Milkbasket?
With substantial backing from major investors, Milkbasket is strategically positioned for accelerated growth and market expansion. The recent major strategic investment signals confidence in the company's operational model and its potential to further disrupt the grocery delivery market. Future initiatives are likely to focus on enhancing logistical capabilities, expanding service areas, and potentially diversifying product offerings to meet evolving consumer demands. This sustained capital infusion will be critical for maintaining its competitive edge and solidifying its leadership in the daily micro-delivery segment.
See full Milkbasket company page
