Retail store network Frendy raises $2-M
Ahmedabad-based convenience store network Frendy has raised INR 16 Crore (USD 2 Million) in a bridge round. The funding round saw participation from existing investor Desai Ventures and new investors Auxano Capital, AT Capital Singapore, Metara Ventures, Priya Joseph, Rohan Jain and Rishabh Jain of The Wellness Co., and Apurva Salarpuria family office. The startup plans to use the fresh funds to expand its technology stack, stores, and private-label product portfolio.
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