Retail-tech platform 1K Kirana Bazaar to raise $35-M led by Alpha Wave

Kiranatech platform 1K Kirana Bazaar is in talks to raise a new round from existing and new investors. Existing investor Alpha Wave is expected to put in around USD 25 million in 1K Kirana Bazaar's new round that may go over USD 35 million. The Gurugram-based startup had raised USD 7 million in Series A round co-led by Info Edge Ventures and Alpha Wave (Falcon Edge) less than a year ago in August. 1K Kirana Bazaar is a consumer-focused retail brand that partners with neighbourhood kirana stores in smaller towns enabling them to compete with both online and offline (organised) retail. The app allows consumers to find local products in the nearest Kirana store. It partners with mid-size retail stores in tier I and II cities to offer full-stack solutions, including inventory management to improve their efficiency.