Alibaba invests $50 Mn in BigBasket to meet lockdown needs. The funding came from a bridge round, aimed at meeting short term expenses. Major E-grocers have witnessed a surge in demand after the lockdown. Hike in orders led to disruption in delivery due to manpower shortage. BigBasket intends to hire 10000 additional workers to meet the demand. The funding would solve the capital needs of BigBasket in the new situation.
