PE-VC Fund Investments
Grocery deliverer Apna Mart raises $25-M in equity, debt led by Fundamentum, Accel
Bengaluru-based Apna Mart has raised USD 25 million in a mix of equity and debt funding. The round was led by Nandan Nilekani’s Fundamentum and Accel, with participation from existing investors Peak XV Partners and Sparrow Capital.Founded in 2022 by Abhishek Singh and Chetan Garg, Apna Mart operates as a franchisee-led grocery delivery firm in tier-II and tier-III cities. The company claims to deliver grocery within 15 minutes and will use the fresh capital to support growth.The startup has raised more than USD 40 million in total funding to date. Apna Mart reported an operating revenue of INR 59 crore for FY 2023-24.
Between Apr 2023 and Mar 2025, Apna Mart had attracted about USD 35 million from 2AM Ventures, Accel India, Alteria Capital, Disruptors Capital, Fundamentum, Peak XV Partners, Sparrow Capital, and others.For FY25, Apna Mart had reported about INR 185 crore in Operating Income and about INR 76 crore in Net Loss.
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