ApnaMart Raises INR 120 Cr to Scale Grocery Access

ApnaMart, the omnichannel grocery platform founded by Abhishek Singh and Chetan Garg, has raised ₹120 crore in its Series C funding round, co-led by Accel in India and Fundamentum, with participation from Peak XV Partners.

Solving Grocery Access Where Quick Commerce Hasn't Reached

Most of India's quick commerce race has played out in a handful of metro pin codes, chasing 10-minute delivery for a customer base that can already get groceries in twenty other ways. ApnaMart went the other direction — building a franchise-led omnichannel model to bring fast, reliable grocery access to India's Tier II and Tier III cities, where the problem isn't delivery speed, it's consistent access in the first place.

Why This Round Matters

That franchise-led structure is what makes ApnaMart's growth story different from the capital-intensive dark-store playbook most quick commerce players have run. It lets the company scale grocery access into smaller cities without carrying the same fixed-cost burden — a model built for the market it's actually serving, rather than one borrowed from metro quick commerce and stretched to fit.

What's Next

The fresh capital will help ApnaMart strengthen its operations and accelerate expansion to serve more communities across the country, deepening the omnichannel grocery commerce, franchise-powered retail, and fast local delivery that have defined the platform so far. Congratulations to Abhishek Singh, Chetan Garg, and the entire ApnaMart team on this milestone — wishing you continued success as you build the next chapter of growth.