Private Equity Other Private Equity/Strategic Investments
Transit retail chain Yatrikart raises from F&B focused MMG Group
Source Yatrikart (opens in a new tab)Entrackr (opens in a new tab)
Indore-based tech-enabled transit retail chain Yatrikart has raised Series A funding from MMG Group, the Indian partner of global giants McDonald's and Coca-Cola, at a valuation of INR 100 crore. The fresh funds will be used by the company for expansion of franchise networks and optimise the supply chain with quick commerce.Co-founded in 2021 by Gaurav Rana and Shivangee Sharma, Yatrikart is a transit retail chain, which enables micro-entrepreneurship by empowering hawkers and retailers at transit stations and creating a retailing on the go format. It aims to establish over 5,000 smart kiosks and stores at metro hubs, railway stations, highways, and airports, enhancing its technology-driven retail ecosystem
Company website ↗ (opens in a new tab)
Between Mar-22 and Sep-24 ,Yatri Kart had attracted about USD 2.7 - M from Artha Select Fund, She Capital, OthersFor FY24, Yatri Kart had reported about INR 13.27 Cr in Operating Income and about INR 2.2 Cr in Net loss