The new fundraising could more than double BigBasket's valuation to nearly $1 billion, according to one of the investors involved in the discussions.
Ecommerce company has been in talks with Tencent and Microsoft to raise $1 billion, 19 months after its previous round of capital-raise from existing investors Tiger Global and others.
ET had reported in January that Chief Operating Officer Shaleen Sinha has taken charge of daily operations after the board-led decision to reshuffle the top deck in the company.
Carlyle's investment in Delhivery will be among the largest PE investment in the space. In July 2015, Warburg Pincus had agreed to invest $133 million in Ecom Express.
Smartphone is the top-selling category in Amazon and in 2016 the smartphone business for the platform more than doubled in terms of units
The windfall comes at a time when most Indian consumer internet unicorns are under pressure to lower their valuations for getting fresh capital.
Mobile experience, cloud infra and personalisation to be areas of focus
The Indian startup story is still up and running, with investors backing ventures from trucking to education companies.
The app for android and iOS interfaces will allow users to pay for cell phone, cable, internet, water and electricity bills. Users in Canada can also pay insurance and property taxes on the platform.
Urban Ladder, which raised Rs 102 crore from Sequoia Capital, Kalaari Capital and others in February, has also applied for a single-brand retail licence.
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