Citymall Raises $22.5 Million From General Catalyst, Jungle Ventures, Others
06/22/21, 6:37 AM
Money raised
$22.5 million
Mumbai: CityMall, an e-commerce platform focused on smaller cities and towns, has raised $22.5 million as part of its Series B funding round led by venture capital firms General Catalyst and Jungle Ventures. Existing investors Accel, Elevation Capital and WaterBridge Ventures also participated in the round.
Company Info
Company
City Mall
Additional Info
Founded in 2019 by Angad Kikla and Naisheel Verdhan, CityMall targets consumers in tier II, III and IV cities. CityMall has 25,000 community leaders, some of whom make up to Rs 15,000 a month.