Funding round
bbinstant Series D
bbinstant, which works in online grocery retail and delivery in India, raised $150M in a Series D round announced on 24 Mar 2016, led by The Abraaj Group. 7 firms took part. It is bbinstant's second venture round on record; the one before was a Series B in Sep 2014.
$150M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
bbinstant did not disclose a valuation in this round. It came 18 months after bbinstant's Series B. It is 24% of the $633M bbinstant has raised in the venture rounds on record. bbinstant raised again 23 months later: a Series E round of $300M in Feb 2018, at $950M post-money.
bbinstant's funding rounds
bbinstant has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series B 12 Sep 2014, led by Helion Venture Partners and Zodius Capital $33M
- Series D this round 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
The Abraaj Group led the round with 6 other firms.
Lead investor
- The Abraaj Group new investor
Also in the round
- International Finance Corporation backs 92 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Helion Advisors new investor
- Zodius Capital new 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: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Online Marketplace | 1 Mar 2016 | $75M | $1.00B | not named |
| Tech Companies | 30 Mar 2016 | $30M | not disclosed | Morgan Stanley Alternative Investment Partners |
| Loans & Financing | 2 Mar 2016 | undisclosed | not disclosed | Commerce & Ventures |
| Renew Financial Loans & Financing | 11 Feb 2016 | $70M | not disclosed | not named |
| Clothing Manufacturers | 28 Apr 2016 | $30M | not disclosed | Mercato |
| Tech Companies | 13 Apr 2016 | $18M | not disclosed | Health Velocity Capital |
| Laboratory Equipment & Supplies | 14 Apr 2016 | $1.0M | not disclosed | Founders of Lemoptix |
| Kymeta Electronical Components Manufacturing | 11 Jan 2016 | $62M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did bbinstant raise in its Series D round?
bbinstant raised $150M in its Series D round, announced in Mar 2016.
Who led bbinstant's Series D round?
The Abraaj Group led it, with International Finance Corporation, Sands Capital, AscentCapital, Bessemer Venture Partners and Helion Advisors and 1 more.
What was bbinstant's valuation at the Series D round?
It was not disclosed.
Did bbinstant raise again after this round?
Yes: a Series E round in Feb 2018 of $300M at $950M post-money.