Apna Mart to raise Rs 120 crore Series C from Accel, Fundamentum, Peak XV at doubled valuation

Franchise-led omnichannel grocery chain Apna Mart is raising Rs 120 crore ($12.7M) in a Series C co-led by Accel and Fundamentum, with Peak XV. The round nearly doubles its valuation to Rs 1,470 crore from Rs 738 crore. The Tier II/III-focused player posted Rs 185 crore revenue and Rs 76 crore net loss in FY25, targeting Rs 500 crore in FY26 against Blinkit, Instamart and Zepto.

— Filed Tue, 30 Jun, 2026, 13:27 IST · Source Entrackr · Updated

Franchise-led omnichannel grocery/quick commerce chain Apna Mart raising Rs 120 crore Series C co-led by Accel and Fundamentum, with Peak XV, doubling valuation to Rs 1,470 crore. Targets Tier II/III cities, competing with Blinkit, Swiggy Instamart, Zepto.

Why this matters

Apna Mart's doubled valuation signals investor conviction in franchise-led Tier II/III grocery, positioning it against quick-commerce giants Blinkit, Instamart and Zepto despite a Rs 76 crore FY25 loss.

Retail-company signals accelerating at +439600% QoQ.

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