your password has been reset successfully, Please login again.

Milkbasket Acquires Veggie India for an Undisclosed Amount

The acquisition of the Noida-based, online grocery store, Veggie India has been done so as to expand the business over $100,000
BY BEx Bureau
BusinessEx
Mar 28, 2019

The Gurgaon-based, a grocery and milk delivery company, Milkbasket has procured Veggie India. The acquisition amount has not been disclosed yet. The acquisition of the Noida-based, online grocery store, Veggie India has been done so as to expand the business over $100,000, as reported by the Indian daily news.

According to the business deal, the entire workforce of Veggie India, including co-founders? JainendraUpadhyay and ShailendraUpadhya will be joining Milkbasket.

The procurement of Veggie India has widened the customer base of Milkbasket to 75,000, a spokesperson at Milkbasket in a statement. The online grocery company, Veggie India, was set up in 2017 and was serving in Ghaziabad and Noida.

The acquisition is in line with our growth plans for 2019 and adds further strength and distribution capabilities to the existing business, said AnantGoel, CEO at Milkbasket, to the Indian daily news.

The startup company, Milkbasket was initiated in 2015 and caters to customers who like to order fresh milk and grocery throughout the day. It takes less than a days time for the company to deliver orders to the customers.

In recent times, many online grocery and milk delivery startups have come up to serve instant delivery services to customers. Many of these startups have lesser transactions comparatively; though, they manage to attract customers with their good services.

Please add your Comment
SIMILAR News
August 22, 2019
The stakes were bought by several foreign portfolio investors as well as domestic mutual funds. ...More
By Jaspreet Kaur
August 22, 2019
Online gaming firm, Global eSports has amassed an undisclosed sum in a seed funding round from VC fi ...More
By Jaspreet Kaur
August 21, 2019
The company will employ funds for business expansion and to release a new product, Explorazor. This ...More
By Jaspreet Kaur
August 21, 2019
Software startup, Ally proclaimed to INR 57 crore in Series A funding round led by VC, Accel. ...More
By Jaspreet Kaur
August 20, 2019
MPOWER, which is backed by the PE firm, Zephyr Peacock, will utilise the funds to widen its reach to ...More
By Jaspreet Kaur
August 17, 2019
With Sistema Asia Capital’s investment, the aggregate equity funding of Lendingkart has surged to $1 ...More
By Jaspreet Kaur
August 17, 2019
Investors, who partook in the funding round, were Inventus Capital, Storm Ventures, Emergent Venture ...More
By Jaspreet Kaur
August 16, 2019
Ontario Teachers’ Pension Plan is eyeing on the Indian market for future investments; the pension fu ...More
By Jaspreet Kaur
August 16, 2019
UK-based company sold 67.1 million stakes at INR 480.7 epiece, according to the stock-exchange data. ...More
By Jaspreet Kaur
August 14, 2019
Indian ride-hailing firm, Ola has proclaimed to buy Pikup.ai, an AI platform, which renders tech sol ...More
By Jaspreet Kaur
August 14, 2019
Indian online platform, Tjori has amassed INR 5 crore in pre-Series A round from a cohort of investm ...More
By Jaspreet Kaur
August 12, 2019
The automotive manufacturer’s products comprise telematic devices, instrument cluster, and other dat ...More
By Jaspreet Kaur