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Milkbasket, a subscription based micro-delivery e-commerce company, has raised about ₹3.35 crore ($500,000) from EVC Ventures; Zhu Dao Investments; Peter Zou, Partner, Beam Capital VC and CEO of YeahMobi; and Vikas Banga and Manav Kamboj of Snapdeal.
The company will use the money to expand the core team, strengthen technology and improve logistics.
Milkbasket is a micro-delivery service fulfilling daily grocery and household needs with a fully in-house last-mile logistics solution. Users can order anything from milk to fresh fruits, which can be modified till midnight, for a guaranteed delivery at 7 a.m. Founded by Anant Goel, Ashish Goel, Anuraj Jain and Yatish Talvadia in 2015, Milkbasket now serves 15 clusters in Gurgaon, each cluster having a user base of around 500. It started off with delivering milk and now offers over 3,000 products through a hybrid inventory model. It plans to establish itself in Gurugram before expanding to other areas.
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