Saturday, June 25, 2022
  • About Us
  • Contact
  • Privacy Policy
  • Disclaimer
Startup Terminal
  • News
    • News
    • Funding
    • Tie-up
    • Acquisition
    • Launch
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
  • Feature
  • Interview
  • Technology
  • Video
  • Events
  • Variety
  • Login
No Result
View All Result
Startup Terminal
Home Funding

KiranaKart raises INR 5.33 cr led by Global Founders Capital

StartUp Terminal Bureau by StartUp Terminal Bureau
January 10, 2021
in Funding
0
KiranaKart raises INR 5.33 cr led by Global Founders Capital
163
SHARES
2k
VIEWS
Share on FacebookShare on Twitter

Mumbai, India, January 10, 2021- KiranaKart, an online grocery delivery startup backed by leading global accelerator Y Combinator, announced that it raised INR 5.33 crores (~$730,000) in a pre-seed round that was led by Global Founders Capital, raising its post-money valuation cap to USD 7 million. Other investors include Contrary Capital, 2 AM Ventures, and angel investors from India and Silicon Valley.

The fast-moving startup was founded by an incredibly impressive team of two 18-year-old Stanford students from Mumbai, who found massive, unserved potential in the competitive grocery delivery space. The startup plans to use the funds to expand its 45-minute grocery delivery service across Mumbai and grow aggressively in the city before expanding to other metros. For their first 150,000 orders, they’ll be offering a ₹1 delivery fee!

Related posts

Artium Academy secures seed funding from Sonu Nigam and leading early-stage investors

Artium Academy secures seed funding from Sonu Nigam and leading early-stage investors

September 15, 2021
Unifonic closes a $125M Series B round led by SoftBank Vision Fund 2 and Sanabil to drive Saudi expansion and international presence

Unifonic closes a $125M Series B Funding Round

September 15, 2021

Speaking on the fund raise CTO and Co-founder, Kaivalya Vohra said, “We believe our technology-first approach will be a powerful edge over incumbents in this space. Unlike food delivery or ride-sharing, the grocery delivery market in India is far from conquered and we’re excited to tackle it head-on with a different approach.” Kaivalya also added that the team is currently hiring ambitious engineers with a founder-mentality for their core group of top technical talent.

The hyperlocal delivery startup has already partnered with general stores from Borivali to Colaba, selling everything from loose dal to imported Pop Tarts. Beyond that, it’s also closing deals with major retail chains across Mumbai.

“As our Y Combinator journey unfolded, we focused on finding a loyal segment of users and iterating on our product. We’ve kept ourselves under the radar, but now we’re ready to move this forward in a big way! We’ve already onboarded enough kiranas and major retail chains to comfortably deliver to 80% of Mumbai and we’re excited for our all-city launch in the next 3 weeks.”  said CEO and Co-founder, Aadit Palicha.

Tags: Funding
Previous Post

Discovery Inc. partners with STARZPLAY to launch global product discovery+ in MENA

Next Post

Real Estate Consumer Behaviour Trends for 2021

Next Post
Real Estate Consumer Behaviour Trends for 2021

Real Estate Consumer Behaviour Trends for 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Kamdhenu Group resumes partial operations across plants

Kamdhenu Group resumes partial operations across plants

2 years ago
Japan’s Mistletoe, GSF India and Infobridge Announce AgriFood Tech Accelerator ‘Gastrotope’ for India

Japan’s Mistletoe, GSF India and Infobridge Announce AgriFood Tech Accelerator ‘Gastrotope’ for India

5 years ago
Indian Start-ups Likely to Be Hit Hard By Data Protection Bill: IAMAI

Indian Start-ups Likely to Be Hit Hard By Data Protection Bill: IAMAI

4 years ago
Future Strategy for Startups post COVID-19

Future Strategy for Startups post COVID-19

2 years ago
">
">

POPULAR NEWS

  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    International Women’s Day Interview: Arpita Mehta, Fashion Designer

    287 shares
    Share 115 Tweet 72
  • Interview: Tushar Jain, Founder & Managing Director of HSCVPL

    239 shares
    Share 96 Tweet 60
  • Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    236 shares
    Share 94 Tweet 59
  • Five Management Consultancy Trends for 2021

    236 shares
    Share 94 Tweet 59
  • International Women’s Day: Interview with Samina Yusuf, Manager, Pixcom Group of Companies

    203 shares
    Share 81 Tweet 51
Startup Terminal

Startup Terminal is a leading global news portal for Technonolgy, Startups and Business Enterprises.

Marketing: marketing@startupterminal.com
Editorial: editorial@startupterminal.com

Follow us on social media:

Latest News

  • Interview with C.R. Venkatesh, Founder of Minnal
  • FTFT Capital #CryptoCredibitlity campaign educates and employs students
  • NTT DATA Launches Hackathon for AI Innovations in Healthcare
  • AXA in India boosts telemedicine helpline with free specialist teleconsultation feature
  • NTT DATA and NLB Services Announce ‘Bridge The Gap’ Hackathon for Women IT Professionals
  • Launching a startup is similar to making a plane take off and overcoming turbulence, says this biz guru
  • International Women’s Day 2022 Interview: Kate Hardcastle MBE
  • India’s Union Budget 2022-23: Reaction from Mrs. Sushma Paul Berlia
  • Interview with Nipun Malhotra, Co-Founder and CEO, Nipman Foundation

Latest Tweets from Startup Terminal

Recent News

C.R. Venkatesh, CEO of Dot Com Infoway

Interview with C.R. Venkatesh, Founder of Minnal

May 5, 2022
FTFT Capital #CryptoCredibitlity campaign educates and employs students

FTFT Capital #CryptoCredibitlity campaign educates and employs students

May 2, 2022
NTT DATA Launches Hackathon for AI Innovations in Healthcare

NTT DATA Launches Hackathon for AI Innovations in Healthcare

March 28, 2022
AXA in India boosts telemedicine helpline with free specialist teleconsultation feature

AXA in India boosts telemedicine helpline with free specialist teleconsultation feature

March 13, 2022
  • About Us
  • Contact
  • Privacy Policy
  • Disclaimer

© 2022 Startup Terminal - Leading Global News portal for Startup news, Tech news, & Business news Startup Terminal.

No Result
View All Result
  • News
    • News
    • Funding
    • Tie-up
    • Acquisition
    • Launch
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
  • Feature
  • Interview
  • Technology
  • Video
  • Events
  • Variety

© 2022 Startup Terminal - Leading Global News portal for Startup news, Tech news, & Business news Startup Terminal.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In