Value fashion retailer Citykart raises Rs 538 crore in a Series B funding round

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Here’s a summarized list of the details mentioned in the article about Citykart:

Funding Details

  • Startup: Citykart
  • Funds Raised: Rs 538 crore
    • Primary Capital: Rs 120 crore
    • Secondary Transactions: Rs 418 crore
  • Funding Round: Latest funding round
  • Date of Funding: Not specified

Investors

  • Lead Investors:
    • TPG NewQuest (largest institutional investor)
    • A91 Partners
  • Other Investors:
    • Investcorp (full exit)
    • India SME Investments (sold half its stake)

Founders

  • Founder: Sudhanshu Agarwal (Managing Director)

Company Information

  • Current Stores: 137 stores
  • Future Plans: To add 40–50 new outlets annually
  • Projected Revenue: Expected to cross Rs 1,300 crore in FY26

Additional Information

  • Valuation: Close to Rs 1,400 crore
  • Focus: Expansion into underserved states (Rajasthan, Jharkhand, Odisha, Assam) and scaling profitably.
  • Business Model: Store-first strategy with in-house brands (e.g., Athiya, Nimes, Fumee, Remise).

This compilation reflects the key details related to the fundraising and business operations of Citykart.

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2025-05-27 10:05:46