your password has been reset successfully, Please login again.

CityMall Receives an Undisclosed Investment from Xiaomi, Citrus Pay and Other Angel Investors

The firm sells the lifestyle, as well as household commodities, and claims to have increased from 50 orders to 750 orders per day in a short time.
BY BEx Bureau
BusinessEx
Oct 04, 2019

The e-commerce platform, CityMall has gathered funds from a group of angel investors, encompassing Alvin Tse, Executive at Xiaomi and Jitendra Gupta, Founder at Citrus Pay.

It had also received capital from Manish Vij and Harish Bahl of the Smile Group, Droom co-founder Rishab Malik, Rajesh Sawhney of GSF and others, reported VC Circle citing the companys official statements.

The company has not disclosed the investment sum.

The startup said it plans to use the funding to target 200 million potential customers and that it is aiming to reach 20,000 orders a day within 12 months, as stated in a media report.

The firm sells the lifestyle, as well as household commodities, and claims to have increased from 50 orders to 750 orders per day in a short time.

We also focus on differentiated customer experiences that play a big role among the price-conscious audience, Co-founder at CityMall, Angad Kikla told the media agency, VC Circle.

We will be doubling down on leveraging WhatsApp for downstream e-commerce workflows with more languages soon, Co-founder at CityMall, Divij Goyal told the media agency, VC Circle.

The company was differentiating itself by targeting women in Tier-II, III and IV cities in the country, Investor, Hiro Mashita of MS Partners Pte. Ltd. told the media agency, VC Circle.

Please add your Comment
SIMILAR News
April 22, 2020
In unfavourable conditions, Indian companies are taking panicked decisions and opting for bridge rou ...More
By Jaspreet Kaur
April 04, 2020
Aavishkaar has wholly exited from Sara Plast, which is a portable sanitation services company ...More
By Jaspreet Kaur
March 10, 2020
The startup essentially concentrates on hosting online events; its funding round was led by Accel In ...More
By Jaspreet Kaur
March 07, 2020
Singularity Automation is concentrated on firms working in the shared accommodation industry to hand ...More
By Jaspreet Kaur
February 28, 2020
MinionLabs essentially gives real-time understanding of energy consumption in electric appliances ...More
By Jaspreet Kaur
February 28, 2020
ONGC and HPCL are acquiring a new share for INR 371 crore, which they did not own previously ...More
By Jaspreet Kaur
February 18, 2020
JSW Energy has got into a share procurement concord with GMR Energy Ltd to buy 100 per cent share in ...More
By Jaspreet Kaur
February 17, 2020
The Bengaluru-based company, NestAway Technologies Pvt. Ltd has bought apartment management and sec ...More
By Jaspreet Kaur
February 01, 2020
As per the agreement, Indiabulls will offer its share to t Embassy's stakeholders considering a swap ...More
By Jaspreet Kaur
January 27, 2020
As per the concord, the Germany-based company will buy nearly 99 per cent of the equity share capita ...More
By Jaspreet Kaur
January 25, 2020
The Noida-based payment solutions firm, Pine Labs Pvt. Ltd has secured undisclosed funding from the ...More
By Jaspreet Kaur
January 24, 2020
Jaipuria Group-backed PepsiCo bottler has lately invested INR 10 crore in pre-Series A funding round ...More
By Jaspreet Kaur