"The new funds will be used to finance our growth through penetration into markets with more investment in the first mile, scaling-up of its supply chain and for developing new reseller channels," said the city-based Supermarket in a statement here.
Mirae Asset-Naver Asia Growth Fund is a joint venture between Seoul-based Mirae Financial Group and Naver Corporation, South Korea's leading internet firm.
Alibaba group, which led the previous Series E round of Supermarket in 2017, participated in this funding round.
"Alibaba aims to enable the growth of local Indian firms like Supermarket that are re-defining segments and consumer behaviour as more users go online across the country," said the statement.
London-based CDC, which has been investing in India over the last three decades, has committed to invest $1.7 billion as an investor in about 300 firms across the country.
The eight-year-old BigBasket serves resellers with operations in 10 metro cities and 15 tier-2 cities across the country.
"We are upbeat on investment opportunities in India, which is a key geography for us, where we continue to identify and partner with market leading companies," said Mirea India head Ashish Dave in the statement.
BigBasket's Founder, V.S. Sudhakar, said the company had a unique opportunity to build one of the largest grocery business in the country.
"We expect the capital raised in this round will enable us to scale our operations and offerings. We are re-engineering our supply chain to allow for faster delivery to resellers and reduce the time from farm to customers," he said.
Special Relief Commissioner (SRC) Pradeep Jena said that home delivery of all kinds of products and courier services by platforms like Amazon, Flipkart, Blue Dart, DTDC and BigBasket will resume in the 2nd phase of the lockdown starting from 15th April till 30th April this year. Transportation of seeds, movement of tractor will also be allowed during 2nd phase of lockdown period. Vegetables will be procured directly from farmer producer organisations. All the cold storages and godowns will be kept open.
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Jena further informed that in view of the harvesting of Rabi crop and the upcoming Kharif season, the government has decided to exempt farming and the subsequent irrigation of the farm lands in the 2nd phase of lockdown. Movement of the equipment and vehicles like tractors will be allowed during this period. All the shops related to manure, sells and repair of agricultural equipment will also remain open.
Read: Extend Lockdown, Facilitate Agri Works But Suspend Rail & Air Services: Odisha CM To PM Modi
In a major respite for truckers and transporters, the roadside dhabas and restaurants will be allowed to open but only for take-away and home-delivery purposes.
Modifying the lockdown rules further, Jena said, “All the Co-Operative banks and LAMPSCS will remain open for the farmers to avail loans for the upcoming Kharif season. The programmes under MGNREGA, PMAY, Biju Pucca Ghar and Swachh Bharat will continue too.”
Odisha is the first state to extend the lockdown till April 30. Chief Minister Naveen Patnaik also had informed that the State government suggested the Union Government to shut down rail and air services till April 30.
Patnaik, who participated in the meeting online along with Chief Ministers of all other States on Saturday to discuss the coronavirus situation in the country, suggested PM Modi that the nationwide lockdown be extended till April 30 to contain the rising COVID-19 cases from spiralling more.
Besides, all the educational institutions, including schools and colleges in the State will continue to remain closed till June 17, Patnaik had said in a video message.
Earlier, the government had given permission for delivery of food through online delivery operators and grocery by several outlets.
Also Read: COVID19 Lockdown: ECoR Continues Delivery Of Essential Goods In Odisha
Odisha has reported 55 coronavirus positive cases so far. Of these, 13 have recovered whereas one person succumbed to the disease. Now, the active cases are 41 in the state.
(With Agency Inputs)