Funding · Commerce & Consumer Brands

Apna Mart raises Rs 120 crore in Series C

By Startup Enthusiast · 30 July 2026

What they do

Apna Mart is a franchise-led omnichannel grocery platform focused on Tier II and III cities

It raised Rs 120 crore (~$12.7 million) in Series C funding co-led by Accel and Fundamentum

The round nearly doubled its valuation to Rs 1,470 crore from Rs 738 crore

Apna Mart raised Rs 120 crore (~$12.7 million) in Series C funding.
The round was co-led by existing investors Accel and Fundamentum.
Peak XV Partners also participated in the round.
The company's valuation nearly doubled to Rs 1,470 crore from the previous Rs 738 crore.
Legal counsel for Apna Mart was VERTICES PARTNERS.
In May 2026, Apna Mart laid off ~10% of its workforce as part of a restructuring linked to AI adoption.
The company moved its headquarters from Bengaluru to Gurugram in 2026.

The funding comes as Apna Mart nearly doubled its valuation, reflecting strong investor confidence.
The company achieved 2.5X revenue growth to Rs 500 crore in FY26 from Rs 185 crore in FY25.
Despite the growth, Apna Mart had a net loss of Rs 76 crore in FY25.
The layoffs in May 2026 indicate a focus on efficiency and AI integration.

Apna Mart is a franchise-led omnichannel grocery retail platform.
It focuses on Tier II and Tier III cities in India.
The model is neighborhood store-led: online orders are delivered in about 10 minutes, and stores also serve walk-in customers.
The company competes with Blinkit, Swiggy Instamart, and Zepto.
In FY26, Apna Mart reported operating revenue of Rs 500 crore.
In FY25, operating revenue was Rs 185 crore with a net loss of Rs 76 crore.

The funds will be used for capital expenditure, working capital, general corporate purposes, and store network expansion.

Product: An omnichannel grocery retail platform with app-based ordering and neighborhood store fulfillment.
Customers: Consumers in Tier II and Tier III cities who want fast grocery delivery.
How it makes money: It makes money from grocery and FMCG sales through a franchise-led store network and online orders.
What sets it apart: Combines online ordering with offline franchise stores and focuses on cities that larger quick-commerce players entered more slowly.
Operations: Operates in a franchise-led omnichannel model across Tier II and Tier III markets and expands through neighborhood stores.