CityMall, a Gurugram-based social eCommerce platform, has raised $75 million (Rs 574 crore) in a Series C funding round led by Norwest Venture Partners. The funding round also saw participation from Citius Fund, AM Holding, General Catalysts, Jungle Venture, Elevation Capital, Waterbridge Ventures and Accel.

First reported by Entrackr, in this funding round, Norwest Capital has invested 142.52 crores, whereas Citius Fund poured in Rs 112.52 crore in the social eCommerce platform.

Jungle Venture, Elevation Capital, AM Holding, General Catalysts, Waterbridge Ventures and Accel have poured in Rs 90 crore, Rs 60 crore, Rs 56.2 crore, Rs 30 crore and Rs 22.5 crore, respectively, in this funding round.

CityMall | A Community Commerce Platform 

Founded by Angad Kikla and Naisheel Verdhan in 2019, CityMall is a community commerce platform focused on 300 million new internet users living in small cities, towns, and villages in India. 

Backed by top-tier VCs like General Catalyst, Elevation, Accel and Waterbridge, CityMall deals in grocery, fresh and packaged FMCG, electronics and fashion categories. 

The social eCommerce platform is working to create a sustainable and effective model to address the challenges faced by traditional e-commerce models in Tier 2, 3 and 4 markets of India.

CityMall claims to have around 20,000 resellers, 200K consumers in eight smaller cities across Haryana. In the fiscal year ending March 2021, CityMall’s operating revenue stood at Rs 14.95 crore in FY21, while it incurred a loss of Rs 10.4 crore.

Including this funding round, the Gurugram-based startup has raised three funding round in a year amount of time. The community commerce platform had raised $11 million in Series A round in March 2021 and $22.5 million in Series B funding in June 2021. 

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