Karmvir Avant Group, a real estate developer in Mumbai, invested an undisclosed amount in Mumbai’s first online supermarket.
In a statement to techcircle.in Rashi Choudhary, co-founder of LocalBanya said: “This cash inflow empowers us with the resources to scale up operations, recruiting and marketing efforts which in turn will fuel growth.”
LocalBanya has previously raised funding from Times Group’s Brand Capital Springboard platform.
The LocalBanya online supermarket processes approximately 400 deliveries every day.