Retail aggregator F5 raised undisclosed amount from Venture Catalysts
Kaivalya Foods and Beverages India Pvt Ltd, which operates retail aggregator F5, has raised seed funding from startup incubator and accelerator Venture Catalysts.Other investors include LetsVenture, Madhusudan Kela-backed Singularity, Artworks founder Mohit Satyanand, Tres Ventures, Startup Buddy and the founders of Country Delight.
The company aims to use the investment to expand the scope of its offerings as well as provide value-added propositions such as delivery, micro-ATMs and mobile recharges, among others.
The startup claims that it has over 4,000 paying consumers across Delhi and Lucknow, and that it has partnerships with more than 20 vendors in the National Capital Region alone.“For customers, we are a brand for their workplace needs that is fresher and more authentic. For our vendors, we have become their access point for multiple partnerships that can boost their business and revenues,” Raghav Arora, Co founder, F5, said.