BigBasket secures Rs 200 Cr debt

BigBasket’s consumer-facing arm, Innovative Retail, has secured Rs 200 crore ($22.7 million) in debt funding from DBS Bank Ltd. This is its first major capital injection in nearly three years, after the $200 million round led by Tata Digital in December 2022.

According to its filing with the Registrar of Companies (RoC), the board of Innovative Retail Pvt Ltd (BigBasket’s B2C arm) has allotted 20,000 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-stated amount.

The aforementioned debentures are issued for a…