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eGrocer Satvacart secures third round of funding

The company has managed to improve the average revenue per user on a monthly basis by 100% over the past eight months

Karan Choudhury  |  New Delhi 

At a time when eGrocers, both big and small are shutting shop due to non-availability of funds, extreme cash burns due to deep discounting and flawed business models, eGrocery retailer Satvacart today said that it has managed to close third round of angel entrepreneur and investor Nimit Panigrahi joining the current round. The firm had earlier announced the participation of ad guru Abhijit Awasthi, SP Vijay of Tarento Technologies and Karan Chellani at the beginning of angel round three. Satvacart is backed by Palaash Ventures and has several angel investors including senior executives ...

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