India-based online grocer BigBasket has raised US$300 million in a Series E round led by China-based e-commerce company Alibaba Group Holding, which contributed US$225 million to the deal. Global growth markets investor The Abraaj Group, International Finance Corporation (IFC) and growth investment firm Sands Capital Management also participated in the round and contributed the remainder. BigBasket plans to use the funds to build networks of farmers from which it can directly source products and to expand in cities where it already has a presence.