Grocery chain for small towns Frendy raises Rs.2-Cr from UC Inclusive Credit

Ahmedabad-headquartered Frendy has raised INR 2 crore as working capital credit from UC Inclusive Credit (UCIC), the non-banking financial company (NBFC) arm of Unitus Capital.Frendy was founded by Sameer Gandotra, Harshad Joshi and Gowrav Vishwakarma. It is a small-format grocery chain addressing the daily shopping needs of tier 3 and beyond cities.The new capital will be deployed to fund the company's central inventory needs to feed its network of Frendy Marts and Micro Kiranas in Tier 3+ towns of Gujarat.