The company plans to deploy the funds towards opening new dark stores in Bengaluru, rolling out formats like cafes and daily subscriptions, expanding into new categories, hiring talent, and investing in brand building.
CityMall has raised $47 million in funding led by Accel. Existing investors including Waterbridge Ventures, Citius, general catalyst, Elevation Capital, Norwest Venture Partners, And Jungle Venture also backed the round.
Offgrid Energy Labs, a battery tech startup, has raised $15 million in Series A funding led by Archean Chemicals. This investment will help advance their innovative ZincGel batteries, paving the way for large-scale energy storage solutions.
