Milkbasket gets $7m more in funding round led by Mayfield Fund

NEW DELHI: Grocery and milk delivery startup Milkbasket has raised an additional $7 million in a funding round led by US-based venture fund Mayfield Fund to help it expand into newer cities and double its headcount to 2,000 by early next year.

“The funds will also enable us in investing adequately in developing the technology and hiring for the next growth phase.” Anant Goel, chief executive officer at Milkbasket told ET. The Gurgaon-based startup has in total raised about $14 million this year from investors including Kalaari Capital, Unilever Ventures, EVC Ventures, Bee-Next, Unilever Ventures and Blume Ventures.

“Grocery delivery industry in India is a specialist play, and Milkbasket’s demonstrated expertise, and acceptability makes us confident about the company’s exceptional growth potential,” said Nikhil Khattau, managing director at Mayfield India.