LocalBanya aims to raise $15 million in the next quarter

Mumbai-based grocery e-tailer LocalBanya is set for a fourth round of funding worth about $15 million from domestic venture capital firms within the next quarter. Founded in 2012, LocalBanya raised $5 million from the Mumbai-based real estate developer Karmvir Avant Group last year. In 2013, it raised an undisclosed amount from Bennett Coleman & Company Limited’s Springboard fund. Prior to this, the company also received angel funding from a few investors.

Source: http://www.business-standard.com/article/companies/localbanya-aims-to-raise-15-million-115021400349_1.html

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