On March 24, Apna Mart, an Indian food retailer operating both in-store and 15-minute express delivery, raised US$25 million in Series B (capital and debt), according to the Registrar of Companies. The existing investors were joined by Fundamentum Partnership Fund and Accel India. Accel becomes the majority shareholder (with 20.9%), followed by Peak XV (13.06%) and Fundamentum (11.39%). Titan Capital remains one of the historical shareholders.
To remember: Following the recent fundraising of...
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