Group buying start-up Citymall raises $75 mn in Series C funding round

It is the company's third fundraise in 18 months, bringing the total capital raised to $110 million.

Citymall has announced getting $75 million in Series C funding led by Norwest Venture Partners, said the group-buying platform where consumers get together for bulk purchases at discount pries.

This is the startup’s third fundraise in the last 18 months, bringing the total capital raised to $110 million. General Catalyst, Citius, Jungle Ventures, Arena Ventures, Elevation, Accel and Waterbridge also participated in the round. Jungle Ventures increased its investment from a Series B round, reinforcing the investor’s conviction in community e-commerce in India.

Citymall, which serial entrepreneurs Angad Kikla and Naisheel Verdhan founded in 2019, aims to take e-commerce to