Debt financing
Social commerce platform City Mall raises Rs.55-Cr from Trifecta, Alteria
Gurugram-based social commerce platform CityMall has raised INR 55 crore (USD 6.3 million) in debt from Trifecta Venture Debt Fund (INR 40 crore) and Alteria Capital Fund (INR 15 crore).Founded in 2019, City Mall is focused on the new internet users in small cities, towns, and villages.
Between Jul-19 and Mar-22, City Mall had attracted about USD 115-M from M&S Partners, Madison Capital, Peak XV Partners, Stellaris Venture Partners, Elevation Capital, WaterBridge Ventures, Accel India, Jungle Ventures, General Catalyst Partners and othersFor FY24, City Mall had reported about INR 427 Cr in Operating Income and about INR 159 Cr in Net loss.
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