Milkbasket makes second acquisition this year

Continuing with its aggressive scale building drive through acquisitions, online grocery delivery startup Milkbasket has announced its second acquisition since March this year. Last week, it announced acquisition of Bengaluru-based PSR Supply chain for an undisclosed amount. Earlier this year, Milkbasket had bought Noida-based e-commerce platform Veggie which specializes in selling organic fruits and vegetables.

“The acquisition of PSR Supply Chain helps us in further strengthening our customer base and offerings in Bangalore. While we are growing phenomenally on our own, we are always on the lookout for strategic acquisitions to help us shorten our learnings in specific regions or technologies,” Milkbasket co-founder and CEO Anant Goel said.

Milkbasket had recently raised $10.5 million in a round which saw the participation of Unilever Ventures, Kalaari Capital, and others.

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