Citykart raises Rs 538 Cr led by TPG NewQuest and A91 Partner; Investcorp exits

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Here’s a structured summary based on the information provided:

1. Funds

  • TPG NewQuest
  • A91 Partners
  • Investcorp
  • India SME Fund

2. Investors

  • TPG NewQuest (co-lead investor)
  • A91 Partners (co-lead investor)
  • Investcorp (early backer)
  • India SME Fund (continues to hold a stake)

3. Startup

  • Citykart

4. Founders

  • Sudhanshu Agarwal

5. Fundraise Series and Amount

  • Series B
  • Raised: Rs 538 crore ($63 million)

6. Date of Fundraise

  • No specific date is mentioned for the Series B funding round.

Additional Notes:

  • Primary Capital: Rs 120 crore
  • Secondary Transactions: Rs 418 crore
  • Full exit: Investcorp has made a full exit.
  • Current Store Count: 137 stores in 91 cities across 11 states.

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2025-05-27 04:54:32