2019
Gurugram (India)
Series C
CityMall is a social commerce platform focuses on serving Tier 2, Tier 3 and Tier 4 cities-regions often overlooked by traditional e-commerce players. CityMall is redefining e-commerce for India’s heartland, proving that community-driven models can unlock vast potential in regions where traditional platforms struggle to penetrate.
Multi Category Marketplace: Groceries, FMCG, electronics, fashion, home essentials and cosmetics.Over 250 SKUs curated for regional preferences and price sensitivity.
Community Driven Model: Empowers 20,000+ micro-entrepreneurs (Community Leaders) to create virtual stores on WhatsApp and social platforms.
Tech Enabled Solutions: Mobile-first platform with tools for inventory management, customer analytics and logistics support for Community Leaders.
Product Margins: Earns margins by sourcing directly from manufacturers and selling to end consumers at competitive prices.
Commission Sharing: Shares a percentage of sales with Community Leaders (CLs), incentivizing higher transaction volumes.
Advertising & Partnerships: Charges brands for premium product listings and targeted advertising on the platform.
Logistics Fees: Minimal fees for last-mile delivery, optimized through partnerships with local logistics providers.
Asset Light Model: Leverages Community Leaders for customer acquisition and order aggregation, reducing marketing and logistics costs.
Data Driven Pricing: Uses analytics to predict demand, optimize inventory and offer dynamic pricing.
Scalable Supply Chain: Partners with regional distributors to ensure product availability in remote areas.
B2C (End Consumers): Price sensitive buyers in non-metro regions.
B2B (Community Leaders): Micro entrepreneurs earning commissions by managing virtual stores.
Market Expansion: Targeting 100+ new cities in India and exploring international markets.
Category Diversification: Adding fashion, electronics and general merchandise to its portfolio.
Tech Investment: Enhancing AI/ML tools for personalized recommendations and supply chain efficiency.
Strategic Acquisitions: Exploring partnerships to strengthen logistics and payment solutions.
$112 Million
7
$75 Million, Series C
as of March 8, 2022
$315 Million
as of April 26, 2022
2.8
as of April 26, 2022
Sarath Sura
and 2 more1352
Snapmint
N/A
Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
March 8, 2022 | Series C | $75 Million | $315 Million | $19.9 Million | 12.2x | Norwest Venture Partners, Elevation Capital, Accel, General Catalyst, Jungle Ventures, Citius, WaterBridge, Ahm Investments |
June 14, 2021 | Series B | $22.8 Million | $106 Million | $6.5 Million | 12.6x | General Catalyst, Jungle Ventures, Elevation Capital, Accel, WaterBridge |
March 25, 2021 | Series A | $11 Million | $33 Million | - | - | Accel, Elevation Capital, Jungle Ventures, WaterBridge, Greenoaks |
June 20, 2020 | seed | $3 Million | - | - | - | Elevation Capital, WaterBridge, Madison Capital, Stellaris Venture Partners, Sequoia Capital, Smile Group |
December 3, 2019 | seed | $279 K | - | - | - | Venture Catalysts |
October 3, 2019 | seed | $282 K | - | - | - | Venture Catalysts |