Community ecommerce startup CityMall raises $47 million at flat value

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Community ecommerce startup CityMall, which caters to non-metro consumers, has raised $47 million in a funding round led by Silicon Valley-based venture capital firm Accel.

The round, which was a mix of equity and debt, also saw participation from other existing investors, including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures.

Cofounder and chief executive Angad Kikla said that $41 million of the funding came through equity, with the remaining amount raised as debt. After this…



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Community ecommerce startup CityMall raises $47 million at flat value



Community ecommerce startup CityMall, which caters to non-metro consumers, has raised $47 million in a funding round led by Silicon Valley-based venture capital firm Accel.

The round, which was a mix of equity and debt, also saw participation from other existing investors, including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures.

Cofounder and chief executive Angad Kikla said that $41 million of the funding came through equity, with the remaining amount raised as debt. After this…



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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