Peak XV leads Rs 72 Cr round in tier II/III quick commerce challenger BazaarNow
Bengaluru-based BazaarNow has closed a Rs 72 crore ($7.8M) round led by Peak XV, with Whiteboard Capital and Antler participating. The vernacular-first grocery app targets tier II/III shoppers with localized assortments, claims 1,800 orders/day/store, and plans town-cluster expansion over the next 6-12 months.
What happened
BazaarNow, a Bengaluru-based quick commerce startup targeting tier II/III grocery shoppers with vernacular-first app and local assortments, raised Rs 72 crore
Key facts
- Rs 72 crore
- $7.8 million
- Rs 80 crore
- 1,800 orders/day/store
Why this matters
BazaarNow's town-cluster expansion over 6-12 months creates partnership and acquisition optionality for incumbents lacking vernacular tier II/III distribution.
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