Social commerce platform Citymall has raised $3 Mn in seed funding led by Elevation Capital (previously SAIF Partners). Waterbridge ventures, Arun Tadanki’s private syndicate on LetsVenture, also participated in this round.
Angad Kikla, Co-founder, CityMall, said in a press statement shared by the company: "With this funding, we are looking to deepen supply chains in Tier II, III, and IV cities and introduce new categories such as fresh, grocery, and FMCG. We are also confident of expanding our network further in Tier III, III, and IV cities in states such as Haryana.”
The funding will be used to build a network of community leaders and also expand CityMall's supply chain in Tier III and IV cities. The team is also looking to expand its core team.