Venture Intelligence (TSJ Media Pvt. Ltd.)
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Fresh products retail startup Convenio raises $3-M from Matrix, others
Karthik Gurumurthy, who earlier led Swiggy’s e-commerce unit, has raised USD 3 million for his new retail startup, tentatively named Convenio. Matrix Partners India led the round with a USD 2 million investment, with participation from a group of angel investors.Convenio will operate in the fresh produce segment, adopting a cost-effective physical store model akin to Aldi in Europe.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.