CityMall to raise $38 Mn in Series D round at flat valuation

Grocery-focused social e-commerce platform CityMall is set to raise Rs 334 crore ($38 million) in a Series D round from existing investors led by Accel with the participation of Waterbridge Ventures, Elevation Capital, Norwest Capital, Citius, and General Catalyst.

This is the first major funding for the Gurugram-based company in 3.5 years since it raised $75 million in the  Series C round in March 2022.

The board at Citymall passed a resolution to approve the issuance of 7,278 Series D CCPS and an equity share at an issue price of Rs 4,58,716 each to…