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Milkbasket - About the company
Milkbasket is an acquired company based in Gurugram (India), founded in 2015 by Ashish Goel, Anant Goel and Yatish Talvadia. It operates as an Online subscription-based platform offering daily grocery needs. Milkbasket has raised $35.1M in funding from investors like Unilever Ventures, Kalaari Capital and Mayfield, with last known valuation of $*****. The company has 29 active competitors, including 3 funded and 4 that have exited. Its top competitors include companies like Country Delight, Pluckk and Daily Ninja.
Company Details
MilkBasket is an online subscription-based platform offering daily grocery needs. The product catalog includes fruits, vegetables, milk, bread, eggs, yogurts, and more. The company provides delivery service in Delhi-NCR, Hyderabad, Bangalore, Gurgaon, Noida, Greater Noida, and more. The mobile application is available for Android and iOS users.
- Website
- milkbasket.com
- Social
- Email ID
- *****@milkbasket.com
- Phone Number
- +91 **********
- Registered Address
- Splendor Trade Tower Fifth Floor Village Tigra, Golf Course Extension Road Sector 65, Gurgaon, Gurgaon, Gurgaon, Haryana, India, 122018
Key Metrics
Founded Year
2015
Location
Gurugram, India
Stage
Acquired
Total Funding
$35.1M in 10 rounds
Latest Funding Round
Last Known Valuation
$***** as on Aug 23, 2021
Investors
Ranked
3rd among 29 active competitors
Annual Revenue
₹62.6Cr as on Mar 31, 2025
Employee Count
230 as on May 31, 2025
Investment & Acquisitions
Similar Companies
Exit Details
Acquired by Reliance Industries (Aug 23, 2021)
Legal entities associated with Milkbasket
Milkbasket is associated with 2 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Aaidea Solutions Limited CIN: U52590HR2015PLC057185 , India, Active | Nov 05, 2015 | $7.4M (As on Mar 31, 2025) | 115 (As on May 31, 2025) | |
DOORSTEP RETAIL SOLUTIONS PRIVATE LIMITED CIN: U46201HR2016PTC058127 , India, Active | Feb 08, 2016 | $19.5M (As on Mar 31, 2025) | 2 (As on Mar 01, 2024) |
Milkbasket's acquisition details
Milkbasket got acquired by Reliance Industries on Aug 23, 2021 at an acquisition amount of $40.3M.
Click here to take a look at Milkbasket's acquisition in detail
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Milkbasket's funding and investors
Milkbasket has raised a total funding of $35.1M over 10 rounds. Its first funding round was on Apr 26, 2016. Its latest funding round was a Series B round on Mar 11, 2020 for $*****. 8 investors participated in its latest round. Milkbasket has 26 institutional investors and 34 angel investors.
Here is the list of recent funding rounds of Milkbasket:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 11, 2020 | 3177941 | Series B | 3762914 | 6064200 | 7278193 | 5281232 |
Jun 26, 2019 | 1270842 | Venture Debt | 7351585 | 3150701 | 5172953 | |
May 24, 2019 | 1848794 | Series B | 3063724 | 3011038 |
Access funding benchmarks and valuations. Sign up today!View details of Milkbasket's funding rounds and investors
Milkbasket's founders and board of directors
Founder? Claim ProfileThe founders of Milkbasket are Ashish Goel, Anant Goel and Yatish Talvadia. Pms Prasad is the CEO of Milkbasket.
Here are the details of Milkbasket's key team members:
- Ashish Goel: Co Founder & CTO/CPO of Milkbasket and founder of 2 other companies, UrSqFt and Zamoona. They are also an angel investor in 12 startups and serve on the boards of 2 companies.
- Anant Goel: Former Founder & CEO of Milkbasket and founder of 4 other companies, including Handpickd, Sorted and BCFD Technologies. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Yatish Talvadia: CEO & Founder of Milkbasket. They are also an angel investor in 4 startups and serve on the boards of 2 companies.Contact Info: 1 phone number
- Pms Prasad: CEO of Milkbasket. Contact Info: 1 email address
Milkbasket's Board of Directors
Milkbasket's board has 10 active members. Ashish Goel, Anant Goel, Anurag Jain, Nikhil Khattau and Pawan Chaturvedi are part of team and Dhirendra Harilal Shah, Radhika Rohidas Disale, Nikhil Chakrapani Suryanarayana Kavipurapu, Chandrakant Shripad Gokhale and Rajendra Madhav Kamath are independent board members.Here is the list of Milkbasket's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 10y 4m | |
Team | - | Current | 10y 4m | |
kitiob{ | Team | - | Past | 4y 8m |
z{fyuzl | Team | - | Past | 5y 8m |
Investor | Mayfield | Current | 7y 4m | |
Investor | Unilever Ventures | Current | 7y 8m | |
jkofmug | Investor | qpunj{h | Past | 4y 8m |
unkvkte | Independent board member | - | Past | 1y 2m |
tirytjt | Independent board member | - | Past | 1y 8m |
usyrimi | Independent board member | - | Past | 2y 1m |
bnmffqw | Independent board member | - | Past | 2y 1m |
alzdehj | Independent board member | - | Past | 6y 1m |
View details of Milkbasket's Founder profiles and Board Members
Milkbasket's employee count trend
Milkbasket has 230 employees as of May 25. Here is Milkbasket's employee count trend over the years:
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Milkbasket's Competitors and alternates
Top competitors of Milkbasket include Country Delight, Pluckk and Daily Ninja. Here is the list of Top 10 competitors of Milkbasket, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Country Delight 2015, Gurugram (India), Series E | Online retailer of dairy, breads, eggs, fruits, and vegetable products | $221M | 79/100 | |
2nd | Online retailer of fresh fruits, vegetables, exotics, cuts, and mixes | $21.1M | 67/100 | ||
3rd | _1583838695158.png?devicePixelRatio=2&height=30&width=30){kind=logo} Milkbasket 2015, Gurugram (India), Acquired | Online subscription-based platform offering daily grocery needs | $35.1M | 64/100 | |
4th | _1583838656374.png?devicePixelRatio=2&height=30&width=30){kind=logo} Daily Ninja 2015, Bengaluru (India), Acquired | Hyper-local subscription based delivery service of daily needs | $10.4M | 50/100 | |
5th | App-based subscription platform offering groceries | - | - | 42/100 | |
6th | Subcription-based grocery delivery services provider | - | - | 39/100 | |
7th | Online platform to order grocery products | $14.5M | 37/100 | ||
8th | Subscription-based delivery of grocery products | $64K | 37/100 | ||
9th |  InsanelyGood 2015, Bengaluru (India), Seed | Online platform offering high-quality groceries | - | 33/100 | |
10th | Platform offering subscription-based dairy products | - | - | 33/100 |
_1551788088419.png?devicePixelRatio=2&height=30&width=30){kind=logo}
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Milkbasket's Latest cap tables and shareholding
Funds (largest shareholder) own 66.70%, Enterprises own 1.85%, Angels own 4.57% and Other People own 23.30%.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Fund | 66.70% | 164Cr | 4429187 | 4828082 | 6069460 | 6714272 |
8505753 | 4747747 | 5631556 | 3651931 | 2040305 | 6750297 | |
4158383 | 4720133 | 8263690 | 1866119 | 3127970 | 2895377 | |
8851467 | 2429367 | 1232667 | 1511505 | 7260632 | 8073160 | |
21 | 23 | 85 | 96 | 40 | 41 | |
Enterprise | 1.85% | 4.55Cr | 3 | 2 | 1 | 8 |
Angel | 4.57% | 11.3Cr | 7699 | 9894 | 7243 | 3583 |
Other People | 23.30% | 57.3Cr | 5696438 | 1157079 | 2790514 | 9512420 |
ESOP Pool | 3.55% | 8.72Cr | 561 | 446 | 587 | 292 |
Total | 99.97% | 246Cr | 7260840 | 3398253 | 4845718 | 7731876 |
To unlock detailed Cap Table of Milkbasket Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Milkbasket's Shareholding
Milkbasket's Investments and acquisitions
Milkbasket has acquired Veggie India. Milkbasket has not made any investments as of now.Reports related to Milkbasket
Here is the latest report on Milkbasket's sector:
News related to Milkbasket
Filter this list•
Fresh commerce platform Handpickd aims to launch 30 new micro markets in 2025India Retailing•Dec 26, 2024•Handpickd, Milkbasket
•
Physis Capital gets Rs 150 cr commitment for Rs 400 cr fundDailyexcelsior•Nov 12, 2024•Physis Capital, Inflection Point Ventures, BharatPe, Blu-Smart and 4 others
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Physis Capital marks second investment of Rs 5 Cr in CTPLEntrackr•Nov 12, 2024•Physis Capital, CTPL, Ben and Gaws, Inflection Point Ventures and 7 others
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Reliance Industries may buy Urban Ladder, MilkbasketLivemint•Oct 14, 2024•Urban Ladder, Reliance Industries, Milkbasket
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Anant Goel’s Sorted scoops up over $5 Mn in ongoing seed roundEntrackr•Mar 22, 2023•Sorted, Beenext, White Venture Capital, NB Ventures and 6 others
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Hoovu Fresh Raises INR 6.45 Crore In Pre-Series A FundingFlipboard•Dec 06, 2022•Hoovu, Sauce, Bigbasket, Milkbasket and 1 other
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