LocalBanya.com to expand warehousing operation with second cash injection from a local property developer.
India-based real estate developer Karmvir Avant Group will join other investors in a $5m fundraising round raised by online grocery retailer LocalBanya.
Karmir also invested an undisclosed amount of series A funding in LocalBanya in January. A joint venture had previously raised funding from media company Times Group’s Brand Capital Springboard platform.
MN&C Supply Links Retail Pvt Ltd, which owns and operates LocalBanya.com, will use the funds to expand operations beyond LocalBanya’s Mumbai base in an effort to boost…
