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Grocery retail aggregator Kirana King raises Rs 7 crore in a pre-series- A Round from RVCF

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NEW DELHI: Jaipur based mostly grocery retail aggregator Kirana King stated on Monday it has raised Rs 7 crore from Rajasthan Venture Capital Fund (RVCF) in a Pre-Series A spherical.

Kirana King began its retail aggregation operations in 2017 and has a grocery retail community of greater than 200 shops in Jaipur, Rajasthan.

The firm stated it now goals to increase its operations in varied components of Rajasthan the place it targets reaching 1000 shops by the top of 2021.

Kirana King stated it’s aiming to attain 4 occasions income development in the course of the ongoing monetary 12 months compared to final 12 months.

The firm gives companies to standard kirana shops via its RaaS (retail as a service) mannequin which features a mixture of retailer transformation, provide chain and advertising companies for these shops amongst customers to drive extra footfalls, digital options, ecommerce stack, and coaching and growth options for the kirana eco-system.

Anup Kumar, founder and CEO Of Kirana King stated as soon as Kirana King began with its RaaS interventions, the resistance ranges of kirana retailer house owners went down and the model witnessed queries from retailer house owners from ‘far-flung’ areas of India. “Kirana King seeks to make use of the not too long ago raised funds to increase its retail community, manpower, enhancement and growth of know-how,” he added.

Gaurav Chowdhry, VP at RVCF stated India has been witnessing substantial adjustments within the discipline of kirana or grocery retail. “There are not only certain large corporate houses eying the space but also the emergence of few strong regional players like Kirana King who are backed with huge on the ground experience, the advantage of technology…For an early-stage investor like us, Kirana King looks very promising with its RaaS USP,” he added.


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