Funding
Grocery delivery startup Apna Mart raises $25 million in equity-debt mix from Fundamentum, Accel others
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Franchisee-led grocery delivery startup Apna Mart, which operates in tier-II and tier-III cities, has raised $25 million in a mix of equity and debt funding from Nandan Nilekani’s Fundamentum and Silicon Valley-based venture capital firm Accel.
Other existing investors, including Peak XV Partners and Sparrow Capital, also participated in the round, filings with the Registrar of Companies (RoC) showed.
The capital raised will be used to finance the general corporate activities of the company, the filing said.
Fundamentum has infused Rs 84 crore, while…
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