ApnaKlub raises $10 mn in Series A

FMCG wholesale platform, ApnaKlub, has informed that in its Series A fundraising round, it has raised $10 million. This round of funding was led by Tiger Global. Prior to this, in August 2021, the company raised $4 million from Sequoia India’s Surge, Blume Ventures, Whiteboard Capital, and Flourish Ventures.

The company enables users to earn by aggregating demand and supplying FMCG goods to retail stores in their local community. The company facilitates order aggregation, transport, and inventory handling and provides a zero capital model.

 After the fundraising round, Shruti, Co-Founder & CEO of ApnaKlub, said, “ApnaKlub helps retailers and traders in Tier 2 and 3 cities of India to leverage their collective demand and geographic presence, into a flourishing retail business, which provides greater consumer choice and delight, by providing access to a wider range of products at comparable margins, as well as better credit and logistics terms than status quo.”

The company further informed that the raised capital will be utilized to enhance the infrastructure of the company in major states of India, expand the platform from 5000 to 20,000 partners and create the credit product.