VC Fund Investments
FMCG products marketplace ApnaKlub tops up Series A round by $6-M
Bengaluru-based ApnaKlub, a B2B wholesale platform for fast moving consumer goods, has raised USD 6 million in additional Series A funding from TrueScale Capital and ICMG Partners. Flourish Ventures, Sequoia India's Surge, Blume Ventures, and Whiteboard Capital also participated in the funding round. This is a follow-on to ApnaKlub's USD 10 million round raised from Tiger Global in late 2022, bringing total funding in the round to USD 16 million. ApnaKlub has raised USD 20 million till date. The new funds will be used to strengthen the digital platform for Kirana store owners and wholesalers in tier 2 and tier 3 cities.
From the Venture Intelligence PE-VC Deal Database: Between Oct-2019 and May-2022, ApnaKlub had raised over USD 15 M from Tiger Global, Flourish Ventures, Whiteboard Capital, Blume Ventures and Sequoia Capital India. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
