Value retailer SuperK raises Rs 100 crore co-led by Binny Bansal, Mithun Sacheti; cricketer Shubman Gill joins as investor

SuperK, a budget retail chain focused on small-town India, has raised Rs 100 crore in a Series B round co-led by Binny Bansal’s 3STATE Ventures and CaratLane founder Mithun Sacheti. Indian Test cricket captain Shubman Gill also participated in the round, alongside existing investors Blume Ventures and Xeed Ventures.

Founded in Andhra Pradesh, SuperK runs a network of 130 franchisee-led stores across more than 80 towns, offering groceries and household essentials at low prices. The company is targeting India’s massive but under-penetrated grocery…