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BigBasket.com, one of the biggest online grocery stores in India, is planning to expand into more cities after raising $50 million in new funding led by Bessemer Venture. Founded in 2011, the company is facing competition from upstarts like ZopNow, PepperTap, and Grofers, as well as a host of other hyperlocal services that promise on-demand delivery from neighborhood stores
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Source: TechCrunch