Funding round
bbinstant Series B
bbinstant, which works in online grocery retail and delivery in India, raised $33M in a Series B round announced on 12 Sep 2014, led by Helion Venture Partners and Zodius Capital. 4 firms took part, 2 of them already investors. It is bbinstant's first venture round on record.
$33M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
bbinstant did not disclose a valuation in this round. It is bbinstant's first venture round on record, 3 years after it was founded in 2011. It is 5.2% of the $633M bbinstant has raised in the venture rounds on record. bbinstant raised again 18 months later: a Series D round of $150M in Mar 2016. Its next priced round, a Series E in Feb 2018, valued it at $950M.
bbinstant's funding rounds
bbinstant has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series B this round 12 Sep 2014, led by Helion Venture Partners and Zodius Capital $33M
- Series D 24 Mar 2016, led by The Abraaj Group $150M
- Debt not a venture round 31 Mar 2017 $6.9M
- Series E 1 Feb 2018, led by Alibaba Group $300M$950M post-money
- Series F 29 Mar 2019, led by Mirae Asset Global Investments and British International Investment $150M$1.20B post-money
Investors
Who put money in
Helion Venture Partners and Zodius Capital led the round with 2 other firms. AscentCapital and LionRock Capital had backed bbinstant before.
Lead investors
- Helion Venture Partners new investor
- Zodius Capital new investor
Also in the round
- backs 9 venture-backed companies existing investor
- backs 3 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 1 in Groceries, then Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Groceries | 16 Jun 2015 | $9.0M | not disclosed | Union Square Ventures and Felix Capital |
| Loans & Financing | 10 Sep 2014 | $37M | not disclosed | Xiaomi and Shunwei Capital |
| Tech Companies | 25 Sep 2014 | $26M | not disclosed | Menlo Ventures |
| Chemicals | 17 Sep 2014 | $17M | not disclosed | Otter Capital |
| Hosting & Cloud Infrastructure Providers | 10 Sep 2014 | $16M | not disclosed | not named |
| Cosmetic Manufacturing | 22 Sep 2014 | $15M | not disclosed | Longwood Fund |
| Tech Companies | 24 Sep 2014 | $15M | not disclosed | Sequoia Capital |
| Online Marketplace | 25 Sep 2014 | $13M | not disclosed | Accel |
Questions
Frequently asked
How much did bbinstant raise in its Series B round?
bbinstant raised $33M in its Series B round, announced in Sep 2014.
Who led bbinstant's Series B round?
Helion Venture Partners and Zodius Capital led it, with AscentCapital and LionRock Capital.
What was bbinstant's valuation at the Series B round?
It was not disclosed.
Did bbinstant raise again after this round?
Yes: a Series D round in Mar 2016 of $150M.