Apna Mart has raised $25 million in a funding round led by Fundamentum and Accel. The funds will support its expansion as a franchise-driven grocery chain.

Mar 24, 2025•9 months ago

Amount Raised

$25 Million

Round Type

series b

BengaluruGroceryFood and BeverageRetailE Commerce

Investors

AlteriaDisruptors Capital2 Am VenturesSparrow CapitalPeak XvAccel IndiaFundamentum Partnership Fund

Description

Apna Mart has raised Rs 214.5 crore (approximately $25 million) in equity and debt led by Fundamentum Partnership Fund and Accel with the participation of existing investors. The board has approved issuing Series B compulsory convertible preference shares to raise additional funds. Accel India remains the largest external stakeholder with a significant stake. The funding aims to enhance operational efficiency and support growth across various cities.

Company Information

Company

Apna Mart

Location

Bengaluru, Karnataka, India

About

Apna Mart is a franchise-driven omnichannel grocery and FMCG chain that guarantees deliveries within 15 minutes, complementing its brick-and-mortar stores. The company operates across 14 cities, utilizing a franchise model to enhance operational efficiency. Founded by Abhishek Singh and Chetan Garg, Apna Mart aims to innovate in the grocery sector with a strong online presence. It has raised approximately $40 million across multiple funding rounds, signaling robust investor confidence.

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Funding Insights

Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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