VC Fund Investments
Franchised online grocery retailer SuperK raises $5.5 M from 021 Capital, others
Hyderabad-based SuperK, a tech-enabled franchised grocery retailer for small towns, has raised USD 5.5 million in a pre-series A round led by Binny Bansal -backed 021 Capital. Curefoods founder Ankit Nagori, Razorpay founders MarsShot Ventures, Blume Founders Fund, xto10x co-founder & CEO Saikiran Krishnamurthy, Ula founder & CEO Nipun Mehra and well known public market investor Ashish Kacholia, in addition to existing investors, also participated in the round. Set up in 2019 with an eye on taking modern retail to small town India (tier-3 and beyond), SuperK operates on an asset-light, franchised grocery retail chain format powered by its data-driven systems. SuperK plans to use this investment for expansion, building a team and brand, enhancing technology and supply chain infrastructure.
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