About Milkbasket
Milkbasket is a Retail company based in Gurugram (India) founded in 2015, and was acquired by Reliance Industries in August 2021. Daily grocery essentials are delivered through an online subscription platform. It operates on a Subscription Services and Direct-to-Consumer (D2C) model. Milkbasket has raised $35.07 million across 10 funding rounds from investors including Navi, Reliance Industries and InnoVen Capital. Milkbasket has completed 1 acquisition, including Veggie India. Milkbasket was last valued at $32.69 million in March 2020. Its chief executive, as recorded, is Pms Prasad. Its website milkbasket.com draws about 114 thousand monthly visits. Its Indian entity Reliance Retail Limited reported revenue of ₹293,954 Cr. Milkbasket offers products and services including Milk Delivery and Grocery Essentials. Its focus areas include E-commerce and Online Grocery. Its competitors include Daily Ninja, FTH Daily and AM Needs; 2 of its 3 listed competitors have raised funding.
Company details
Milkbasket is managed as Indias first and largest daily micro-delivery service, focusing on delivering milk, fresh fruits, vegetables, dairy products, and over 5000 daily essentials to households before 7 am. The platform, operated by Reliance Retail Limited, serves over a million families across more than 20 cities in India. Innovative features like flexi ordering and contactless delivery are provided to enhance customer convenience in the e-commerce grocery sector.
- Headquarters Gurugram, India
- Stage Acquired
- SectorsRetail
- Website category Food and Drink · Restaurants and Delivery
- Email••••••••
- Phone•••• ••••
- Website milkbasket.com
- Social LinkedIn X Facebook
- Acquired by Reliance Industries (Aug 2021)
- Legal Name Reliance Retail Limited
- Date of Incorporation 29 Jun, 1999
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹293,954 Cr
FY 2026 · +8% YoY
- Net Profit₹13,476 Cr
FY 2026 · 5% margin
- EBITDA₹23,587 Cr
FY 2026 · 8% margin
- Total Equity Funding$35.07M (USD)
in 10 rounds
- Latest Funding Round$5.58M (USD), Series B
Mar 2020
- InvestorsNavi
& 40 more
- Investments & Acquisitions
- Acquired byReliance Industries
(Aug 2021)
Associated legal entities of Milkbasket
Milkbasket is associated with 4 registered companies on The Company Check; the primary company is Reliance Retail Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Reliance Retail Limited CIN U01100MH1999PLC120563 | Active | 29 Jun 1999 | Mumbai, Maharashtra | ₹293,954 Cr | 43,024 | 11 | View details |
| Aaidea Solutions Limited CIN U52590HR2015PLC057185 | Active | 05 Nov 2015 | Gurgaon, Haryana | ₹62.6 Cr | 250 | 5 | View details |
| Doorstep Retail Solutions Private Limited CIN U52100HR2016PTC058127 | Active | 08 Feb 2016 | Gurugram, Haryana, India | View details | |||
| Doorstep Retail Solutions Private Limited CIN U46201HR2016PTC058127 | Active | 08 Feb 2016 | Gurgaon, Haryana | ₹165 Cr | 2 | 3 | View details |
Products & Services of Milkbasket
Milkbasket offers a comprehensive portfolio of products and services, including Milk Delivery and Grocery Essentials.
Fresh milk is delivered daily before 7 am.
Daily essentials are provided with early morning delivery.
Apps and channels of Milkbasket
Milkbasket publishes 1 mobile app with over 5M+ downloads.
Funding Insights of Milkbasket
Milkbasket has successfully raised a total of $35.07M across 10 strategic funding rounds. The most recent funding activity was a Series B round of $5.58 million completed in March 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $35.07M
- Total Rounds 10
- Last Round Series B — $5.58M
- First Round $500,000
(Apr 2016)
- Investors Count 40
All 10 funding rounds of Milkbasket with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2020 | $5.58M | Series B | $32.69M | Kalaari Capital, Mayfield | |
| Jun 2019 | $2.17M | Debt – Venture | – | – | |
| May 2019 | $10.5M | Series B | $77.62M | Unilever Ventures | |
| Apr 2019 | $2.85M | Debt – Venture | – | – | |
| Dec 2018 | $7M | Series A | $••••• | Mayfield | |
| May 2018 | $7M | Series A | $••••• | Kalaari Capital | |
| Dec 2017 | $3M | Seed | $••••• | Unilever Ventures | – |
| Jun 2017 | $852,724 | Seed | $••••• | Blume Ventures, Lenovo Capital and Incubator Group | |
| Dec 2016 | $634,945 | Seed | – | Evergrowth Investments | |
| Apr 2016 | $500,000 | Seed | $••••• | Campus Consortium |
| Date | Valuation | Stage |
|---|---|---|
| Mar 2020 | $32.69M | •••••••• |
| May 2019 | $77.62M | •••••••• |
| Dec 2018 | $••••• | •••••••• |
| May 2018 | $••••• | •••••••• |
| Dec 2017 | $••••• | •••••••• |
| Jun 2017 | $••••• | •••••••• |
| Apr 2016 | $••••• | •••••••• |
Full valuation and stage history of Milkbasket
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $32.69M (Mar 2020). 41 investors in total: 20 institutional and 21 angel.
Investors in Milkbasket
Milkbasket has secured backing from 41 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Navi, Reliance Industries and InnoVen Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in early-stage technology companies are made by Kalaari Capital. | kalaari.com | Bengaluru, India | ||
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Corporate-backed venture capital firm focused on consumer tech and multiple sectors | unileverventures.com | London, United Kingdom | ||
Venture debt financing is extended to companies across multiple sectors. | 2008 | innovencapital.com | Mumbai, India | |
Seed and early-stage investments are made across sectors in India. | blume.vc | Mumbai, India | ||
Early-stage venture capital fund | beenext.com | Singapore, Singapore | ||
Investments are made in early-stage tech startups across sectors. | ipventures.in | Gurugram, India | ||
Debt investments are managed by this single-family office. | krishnasindhuriprivatetrust.tcc.mode | |||
Connections between startups and investors are facilitated by a platform. | 3fventures.com | Singapore, Singapore | ||
Venture capital firm backed by Lenovo | capital.lenovo.com | Haidian, China |
Investor details for Milkbasket
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Board of directors of Reliance Retail Limited (Milkbasket)
Reliance Retail Limited is the primary company behind Milkbasket. The boards of the 3 registered companies of Milkbasket currently have 17 directors; the longest-serving is Pankaj Mohan Pawar, appointed in 2010. 48 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Pankaj Mohan Pawar DIN 00085077 | Director | 01 Oct 2010 | 16 yrs | Reliance Retail Limited |
| Sanjay Jog DIN 01727602 | Director | 22 Sep 2014 | 12 yrs 1 mo | Reliance Retail Limited |
| Geeta Kalyandas Fulwadaya DIN 03341926 | Director | 25 Mar 2015 | 11 yrs 7 mo | Reliance Retail Limited |
| Venkatachalam Subramaniam DIN 00009621 | Whole-time director | 07 Dec 2016 | 9 yrs 10 mo | Reliance Retail Limited |
| Ranjit Vasant Pandit DIN 00782296 | Director | 17 Apr 2017 | 9 yrs 6 mo | Reliance Retail Limited |
| Dipak Chand Jain DIN 00228513 | Director | 25 Jul 2018 | 8 yrs 3 mo | Reliance Retail Limited |
| Rajendra Madhav Kamath DIN 01115052 | Director | 19 Jul 2021 | 5 yrs 3 mo | Aaidea Solutions Limited |
| Nikhil Chakrapani Suryanarayana Kavipurapu DIN 03585055 | Director | 19 Jul 2021 | 5 yrs 3 mo | Aaidea Solutions Limited |
| Radhika Rohidas Disale DIN 03107045 | Director | 13 Sep 2021 | 5 yrs 1 mo | Aaidea Solutions Limited |
| Dhirendra Harilal Shah DIN 00004616 | Director | 13 Sep 2021 | 5 yrs 1 mo | Aaidea Solutions Limited |
| Chandrakant Shripad Gokhale DIN 00012666 | Director | 13 Sep 2021 | 5 yrs 1 mo | Aaidea Solutions Limited |
| Adil Zainulbhai DIN 06646490 | Director | 20 Oct 2022 | 4 yrs | Reliance Retail Limited |
| Anshu Prakash DIN 03540028 | Director | 01 Dec 2022 | 3 yrs 10 mo | Reliance Retail Limited |
| Shumeet Banerji DIN 02787784 | Director | 01 Apr 2024 | 2 yrs 6 mo | Reliance Retail Limited |
| Nishant Bajaj DIN 10705192 | Director | 28 Mar 2025 | 1 yr 7 mo | Doorstep Retail Solutions Private Limited |
| Jai Agrawal DIN 11053490 | Director | 14 Apr 2025 | 1 yr 6 mo | Doorstep Retail Solutions Private Limited |
| Kirti Kant DIN 11103311 | Director | 13 May 2025 | 1 yr 5 mo | Doorstep Retail Solutions Private Limited |
People of Milkbasket
74 people are tracked at Milkbasket (13 in leadership, 61 in team).
| Name | Role | Group |
|---|---|---|
Pms Prasad | CEO | Leadership |
Abhinav Imandi | Chief Operating Officer | Leadership |
Krishma Mehra | Director - CX Strategy | Leadership |
Nitin Khaitan | Director Of Engineering | Leadership |
Kuldeep D. | Head Of Product & Engineering | Leadership |
Sunil Kappal | Director (head) Data Analytics | Leadership |
Abhishek Yadav | Product Manager (chief Manager C2) | Leadership |
Ankit Jain | Director | Leadership |
Prerana Negi | Associate Director | Leadership |
Neha Gaba | Human Resources Business Partner | Leadership |
Nandita Soni | Human Resources Business Partner | Leadership |
Anay Agarwal | Head | Leadership |
Jainendra Upadhyay | Associate Director - Operations | Leadership |
Mohit Jain | Assistant Manager Graphic Designer | Team |
Priyanka Rathi | Senior Visual Designer | Team |
Kavita Srivastava | Sales Operations Specialist | Team |
Nupur Jaiswal | Brand Partnerships & Monetization | Team |
Nandan Luthra | Product Manager | Team |
Ayush Johar | Category Lead | Team |
Manish Singh | Category Manager | Team |
54 more people are available in the full profile.
Complete people profiles for Milkbasket
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Financials of Milkbasket
Figures of Reliance Retail Limited, the primary company behind Milkbasket, for FY 2026. Revenue was ₹293,954 Cr (+8% year on year). Net profit was ₹13,476 Cr (5% margin). EBITDA was ₹23,587 Cr (8% margin). Revenue has grown at a compounded annual rate of +10% over three years and +16% over five years.
- ₹293,954 CrRevenue · FY 2026 · +8% YoY
- ₹13,476 CrNet profit · 5% margin
- ₹23,587 CrEBITDA · 8% margin
- ₹8,987 CrPaid-up capital
- 43,024Employees (provident fund records)
- +10%Revenue CAGR, 3 years
- +16%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Reliance Retail Limited are on its company page.
Detailed financial statements for Milkbasket
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Investments & Acquisitions by Milkbasket
Milkbasket has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Veggie India.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Grocery products are retailed online across Delhi NCR regions. | veggieindia.store | Noida, India | 2018 | Mar 2019 | •••• |
Complete acquisition details for Milkbasket
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Timeline of Milkbasket
6 dated milestones of Milkbasket across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Milkbasket is founded.
- Funding First funding round of $500K.
- Milestone Reaches Minicorn status.
- Acquisition Acquires Veggie India.
- Funding Latest funding round, Series B, of $5.6M.
- Exit Acquired by Reliance Industries.
Competitors of Milkbasket
Milkbasket has 3 listed competitors in our database, 2 of them funded. They include Daily Ninja, FTH Daily and AM Needs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| dailyninja.in | 2015 | Bengaluru, India | $10.54M | 1 | Daily essentials are delivered through hyper-local subscriptions. | |
| fthdaily.com | 2019 | Bengaluru, India | 1,345 | Delivers fresh milk, dairy, fruits, veggies, staples via subscription to homes daily. | ||
| amneeds.com | 2019 | Thiruvananthapuram, India | $63,960 | Subscription-based delivery of grocery products is provided. |
Detailed competitors of Milkbasket
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Web traffic of Milkbasket
The website of Milkbasket (milkbasket.com) receives about 114.3K visits a month and ranks #322,817 among all websites worldwide, #11,170 in Restaurants and Delivery.
- Monthly visits114.3K
▼ 17.9% vs previous month
- Unique visitors45.6K
per month
- Global rank#322,817
among all websites
- Category rank#11,170
Food and Drink · Restaurants and Delivery
- Bounce rate68%
- Pages per visit2.1
- Average visit2 min 38 sec
- DevicesDesktop 17% · Mobile 83%
Websites whose visitors overlap most with Milkbasket. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dairyday.com | 100% | 10.2K | #1,773,947 | View details | |
mrmakhana.com | mrmakhana.com | 100% | #1,803,169 | – | |
| localsamosa.com | 100% | #899,678 | View details | ||
| sleepyowl.co | 80% | 118.2K | #298,809 | View details | |
| milkmantra.com | 68% | 1.5K | #12,956,311 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 18 similar websites and full traffic analytics for Milkbasket
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Top companies in Food & Grocery Retail
3 companies that operate in the same segment as Milkbasket (Food & Grocery Retail) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.54 B | USD 2.46 B | 4,488 | |
Personal and household products are delivered via an e-commerce platform. | 2011 | Bengaluru, Karnataka, India | USD 943.07 M | USD 1.17 B | 22,095 | |
Instant delivery of groceries and essentials is facilitated online. | 2013 | Gurugram, Haryana, India | USD 757.52 M | 11,913 |
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Related news about Milkbasket
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Frequently Asked Questions about Milkbasket
Milkbasket was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Milkbasket is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Pms Prasad is the CEO of Milkbasket, as recorded in our data.
Milkbasket is a funded company, having raised a total of $35.07M across 10 funding rounds to date. The company's 1st funding round was a Seed of $500K, raised on Apr 2016.
The primary company behind Milkbasket, Reliance Retail Limited, reported revenue of ₹293,954 Cr for FY 2026, up 8% year on year.
Milkbasket is managed as Indias first and largest daily micro-delivery service, focusing on delivering milk, fresh fruits, vegetables, dairy products, and over 5000 daily essentials to households before 7 am. The platform, operated by Reliance Retail Limited, serves over a million families across more than 20 cities in India. Innovative features like flexi ordering and contactless delivery are provided to enhance customer convenience in the e-commerce grocery sector.
Milkbasket's top competitors include Daily Ninja, FTH Daily and AM Needs.
Milkbasket offers Milk Delivery and Grocery Essentials.
Milkbasket has made 1 acquisition, including Veggie India.
Milkbasket has 41 investors. Key investors include Navi, Reliance Industries, InnoVen Capital, Draphant, and Aarvee Associates.
The valuation of Milkbasket is $32.69M as of Mar 2020.
Milkbasket is associated with 3 legal entities: Reliance Retail Limited, Doorstep Retail Solutions Private Limited, Aaidea Solutions Limited.