BazaarNow nears $9 Mn raise led by Peak XV to expand dark stores into tier II/III India

Bengaluru quick commerce startup BazaarNow, founded by ex-Zepto operators, has closed ₹72 Cr ($7.5 Mn) led by Peak XV with Whiteboard Capital and Antler, and is in talks to extend the round to $9 Mn. Capital will scale its 18 dark stores beyond metros, deepen grocery SKUs, and harden supply chain as it chases a $40 Bn market by 2030.

— Source publishedTue, 9 Jun, 2026, 11:35 IST·First seen Tue, 9 Jun, 2026, 11:37 IST·Source Inc42 · Buzz

What happened

Bengaluru-based quick commerce startup BazaarNow, founded by ex-Zepto executives, raised ₹72 Cr led by Peak XV Partners with Whiteboard Capital and Antler.

Key facts

  • ₹72 Cr
  • $7.5 Mn
  • $9 Mn
  • 1,800 orders/day/store
  • 18 dark stores
  • $6.1 Bn (2024)
  • $40 Bn (2030)
  • 37% CAGR

Why this matters

BazaarNow's tier II/III expansion creates a partnership or acquisition lane for incumbent grocers and FMCG brands seeking last-mile reach beyond metros before Zepto, Blinkit, and Instamart consolidate the long tail.

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