Bigbasket is a unicorn; Trump tweets make stock markets forlorn; Prince Harry has a newborn
Episode 1157, May 07, 2019, 09:33 AM
A group of investors led by South Korea-based Mirae-Naver and China's Alibaba Group has pumped in $150 million in online frocery company BigBasket. In the process, the Bangalore-based company has become the latest desicorn. Or a new unicorn.
Basically, its valuation is now over a billion dollars. Speaking of unicorns, Ola's electric mobility venture has found support from another billionaire Ratan Tata, who is investing in OEM. OEM has already raised over 400 crore rupees in a round led by Tiger Global and Matrix India.