CityMall

CityMall

Marketplace providing a wide range of product categories

Founded

2019

Headquarters

Gurugram (India)

Status

Series C

Company Details

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.

Core Products & Services

  • 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.

Business Model & Revenue Streams

  • 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.

Customer Segmentation

  • B2C (End Consumers): Price sensitive buyers in non-metro regions.

  • B2B (Community Leaders): Micro entrepreneurs earning commissions by managing virtual stores.

Growth Strategy

  • 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.

Key People

Angad K

Naisheel Verdhan

Sibasis Pati

Key Metrics

Total Equity Funding

$112 Million

No. of Funding Rounds

7

Latest Funding Round

$75 Million, Series C

as of March 8, 2022

Post Money Valuation

$315 Million

as of April 26, 2022

Funding Multiple

2.8

as of April 26, 2022

Investors

Sarath Sura

and 2 more

Employee Count

1352

Similar Companies

Snapmint

Exit Details

N/A

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
March 8, 2022Series 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, 2021Series B$22.8 Million$106 Million $6.5 Million 12.6x General Catalyst, Jungle Ventures, Elevation Capital, Accel, WaterBridge
March 25, 2021Series A $11 Million$33 Million-- Accel, Elevation Capital, Jungle Ventures, WaterBridge, Greenoaks
June 20, 2020seed$3 Million--- Elevation Capital, WaterBridge, Madison Capital, Stellaris Venture Partners, Sequoia Capital, Smile Group
December 3, 2019seed$279 K---Venture Catalysts
October 3, 2019seed$282 K---Venture Catalysts

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