Apna Mart has raised $25 million in a funding round led by Fundamentum and Accel. The funds will support its expansion as a franchise-driven grocery chain.
Apna Mart has raised $25 million in a funding round led by Fundamentum and Accel. The funds will support its expansion as a franchise-driven grocery chain.
03/24/25, 4:17 AM
Location
bengaluruMoney raised
$25 million
Industry
grocery
food and beverage
retail
e commerce
Round Type
series b
Investors
Alteria, Disruptors Capital, 2 Am Ventures, Sparrow Capital, Peak Xv, Accel India, Fundamentum Partnership Fund
Apna Mart has raised Rs 214.5 crore (approximately $25 million) in equity and debt led by Fundamentum Partnership Fund and Accel with the participation of existing investors. The board has approved issuing Series B compulsory convertible preference shares to raise additional funds. Accel India remains the largest external stakeholder with a significant stake. The funding aims to enhance operational efficiency and support growth across various cities.
Company Info
Location
bengaluru, karnataka, india
Additional Info
Apna Mart is a franchise-driven omnichannel grocery and FMCG chain that guarantees deliveries within 15 minutes, complementing its brick-and-mortar stores. The company operates across 14 cities, utilizing a franchise model to enhance operational efficiency. Founded by Abhishek Singh and Chetan Garg, Apna Mart aims to innovate in the grocery sector with a strong online presence. It has raised approximately $40 million across multiple funding rounds, signaling robust investor confidence.