ShopKirana, one of Incubate Fund India’s portfolio startups and providing e-procurement platform for kiranas (Indian papa-mama shops), raised $10M at Series B. The round is lead by Info Edge and Incubate Fund India participated the round as an existing investor.
The Indore-based startup, now present in Indore, Jaipur and Bhopal, is having more than 12,000 kiranas on their platform. They will use the fresh funding for expanding the business to 30 Tier II cities in India. It aims to hit Rs 1,200 crore annual run rate in the next one year.