Grocery delivery startup Apna Mart raises $25 million in equity-debt mix from Fundamentum, Accel others

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Franchisee-led grocery delivery startup Apna Mart, which operates in tier-II and tier-III cities, has raised $25 million in a mix of equity and debt funding from Nandan Nilekani’s Fundamentum and Silicon Valley-based venture capital firm Accel.

Other existing investors, including Peak XV Partners and Sparrow Capital, also participated in the round, filings with the Registrar of Companies (RoC) showed.

The capital raised will be used to finance the general corporate activities of the company, the filing said.

Fundamentum has infused Rs 84 crore, while…



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Grocery delivery startup Apna Mart raises $25 million in equity-debt mix from Fundamentum, Accel others


Franchisee-led grocery delivery startup Apna Mart, which operates in tier-II and tier-III cities, has raised $25 million in a mix of equity and debt funding from Nandan Nilekani’s Fundamentum and Silicon Valley-based venture capital firm Accel.

Other existing investors, including Peak XV Partners and Sparrow Capital, also participated in the round, filings with the Registrar of Companies (RoC) showed.

The capital raised will be used to finance the general corporate activities of the company, the filing said.

Fundamentum has infused Rs 84 crore, while…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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