Grocery tech startup Gully Network raises $1.2 Mn pre-Series A round led by Venture Catalysts

Tech-enabled chain for small and medium grocery stores, Gully Network Retail has announced the closure of its pre-Series A of $1.2 Mn from Venture Catalysts, Inflection Point Ventures, and DFAN.

Gully Network provides a tech-enabled platform that takes care of the entire value chain for retailers and helps them generate additional income while modernising their store end to end.The startup said in a statement that it plans to open new income streams with scale other than the primary grocery business and will strengthen its offering for retailers as well as end consumer.

Co-founder Ajay Nain said: "We see that despite using multiple platforms for online sales, POS, supply, and loan, retailers still struggle with manual and inefficient day-to-day operations. Non-exclusive B2B apps have not gained loyalty from retailers. We work exclusively with stores and tech-enable them in all possible ways. We double their net income and completely automate their operations. We have achieved our initial product-market fit and with this raise, we aim to scale to 100 stores."