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
October 19, 2019
Elores is essentially a novel drug combination that helps to treat life-threatening infections. ...More
By Jaspreet Kaur
October 18, 2019
Black Coat Technologies Pvt. Ltd has recently obtained INR 3.5 crore in a seed funding round from a ...More
By Jaspreet Kaur
October 18, 2019
Remedico is essentially a component of Venture Catalysts’ focused healthcare accelerator, Healthcare ...More
By Jaspreet Kaur
October 17, 2019
BASF is reportedly collaborating with partner firms to assess the feasibility of petrochemical compl ...More
By Jaspreet Kaur
October 17, 2019
With this funding round, the company has gathered INR 70 crore funds to date. ...More
By Jaspreet Kaur
October 14, 2019
Singapore-headquartered e-commerce company, Shopmatic Pte Ltd has wholly acquired SaaS startup, Comb ...More
By Jaspreet Kaur
October 14, 2019
CarDekho, the online platform has created an ecosystem to help its consumers to buy and sell cars ef ...More
By Jaspreet Kaur
October 11, 2019
By Jaspreet Kaur
October 10, 2019
The company targets on middle, as well as low income demographic, relating to Tier-II and Tier-III c ...More
By Jaspreet Kaur
October 10, 2019
Mental health startup firm, NeuroLeap has obtained funding from Sminu Jindal, Managing Director of J ...More
By Jaspreet Kaur
October 09, 2019
Kosha, which was incorporated in 2017, renders designed clothes for adventurous tours via technology ...More
By Jaspreet Kaur
October 09, 2019
This will also aid in delivering substantial synergies for expanding its lamp business and product o ...More
By Jaspreet Kaur