KiranaKart, a Y Combinator-backed online grocery delivery startup,raised Rs 5.33 Cr in a pre-seed round led by Global Founders Capital where Contrary Capital, 2 AM Ventures, and angel investors from India and Silicon Valley also participated.
With the recent infusion, KiranaKart aims to expand its 45-minute grocery delivery service across Mumbai, and grow aggressively in the city before expanding to other metros. It expects to make the first 1,50,000 deliveries at a delivery cost of Re 1.
“As our Y Combinator journey unfolded, we focussed on finding a loyal segment of users and iterating on our product. We’ve kept ourselves under the radar, but now we’re ready to move this forward. We've already onboarded enough kiranas and major retail chains to comfortably deliver to 80 percent of Mumbai, and we're excited for our all-city launch in the next three weeks," said Aadit Palicha, CEO & Co-founder, KiranaKart.