Grocery chain Sumosave Retail raises Rs 50 crore in a pre-series B round led by 12 Flags Group to expand its store network.
PRIVATEJul 10, 2026
Amount Raised
₹500 Million
Round Type
Series B
IndiaFood and BeverageGroceryRetailDelivery
Investors
Stride Ventures12 Flags Group
Description
Sumosave Retail Ventures has raised Rs 50 crore in a pre-series B round led by 12 Flags Group, with venture debt from Stride Ventures. The funding will help expand its store network and strengthen the supply chain. Founded in 2022, Sumosave aims to operate 500 stores by 2030. The investment highlights growing interest in organized grocery retail in India.
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Company Information
Company
Sumosave Retail
Location
India
About
Sumosave Retail Ventures is a grocery supermarket chain focused on serving middle and lower-middle-income consumers in East and North India. Founded in 2022, the company operates company-owned neighborhood supermarkets and aims to expand its store network significantly. With backing from investors like 12 Flags Group and Stride Ventures, Sumosave plans to operate 500 stores by 2030, reflecting a strategic approach to modern grocery retailing.
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IndiaFood and BeverageGroceryRetailDelivery