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Deepti Sri · · 1 min readIndia-based ecommerce firm CityMall banks $11m in Accel-led round
India-based ecommerce and online grocery platform CityMall announced it has raised US$11 million in its latest round of funding.
More funding details
- Lead investor: Accel Partners
- Returning investor: Elevation Capital
- Other investors: WaterBridge Ventures
- Stage: Series A
More company updates
- CityMall will use the new funds to bolster its supply chain and logistics network as well as expand its footprint to 20 new cities in India’s Tier 2, 3, and 4 areas.
- It also aims to increase its network of community leaders to over 200,000 and match that figure for customers by 2022.
- Founded in 2019, CityMall is a community commerce platform designed for small cities, towns, and villages in India for everyday use products like grocery, fast-moving consumer goods, fresh produce, and home- and kitchen-related products.
For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.
Editing by Miguel Cordon and Jaclyn Tiu
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