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1K Kirana raises $25 mn, aims to serve over 10 mn consumers in 12 months

Hyperlocal shopping and distribution network says it will use the financing for improving its technology and expanding team.

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Peerzada Abrar Bengaluru
1K Kirana, a hyperlocal shopping and distribution network, has raised $25 million in its Series B round of fundraise led by Alpha Wave Ventures, Info Edge Ventures and Kae Capital. Manufacturing firm Zetwerk and tech-enabled automobile service firm GoMechanic were among investors in the round, the first tranche of a larger round.

Navroz D. Udwadia, founder and partner, Alpha Wave, said 1K Kirana co-founders Sangeetesh Kumar, Abhishek Halder and Sachin Sharma have built a business that combines strong growth with attractive unit economics. “We are excited to partner with them as they bring a modern retail experience to underserved consumers in

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First Published: May 23 2022 | 3:40 PM IST

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