Comments
Gully Network Retail, a tech-enabled chain of small-format kirana stores, has raised Rs 5 crore in seed funding from Orios Venture Partners.
Orios is one of India’s leading seed-stage venture capital fund.
Gully Network develops a tech-enabled platform for a small-format business to be converted into an omni-channel modern store to help them compete against biggies.
Gully Network has been founded by Ajay Nain and Prateek Chaturvedi, alumni of IIT Madras and IIM Ahmedabad.
Anup Jain, Managing Partner at Orios Venture Partners said, “Indian grocery retail market is approximately 70% of total retail market in India today- a staggering $500 billion per annum. However, we have seen little transformation on ground in the 15 million small format kirana stores which comprise over 90% of this market even today."
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.