Exclusive: 1K Kirana Bazaar raises $25 Mn led by Alpha Wave

Kiranatech platform 1K Kirana Bazaar has scooped up Rs 195 crore or $25 million in its Series B round from new and existing investors. The Gurugram-based startup had raised $7 million in Series A round co-led by Info Edge Ventures and Alpha Wave in August. As per Fintrackr’s estimates, 1K Kirana Bazaar has been valued at around Rs 835 crore or $110 million, registering a 5.4X jump in valuation as compared to Rs 155 crore or $20 million during its extended Series A round in February 2022. Following the fresh allotment of shares, 1K Kirana Bazaar’s co-founders – Abhishek Haldar, Kumar Sangeetesh have 10.6% stake each while Sachin Sharma holds 9.79%. Info Edge is the largest stakeholder among investors in the company followed by Kae Capital and Alpha Wave with 21.81%, 13.05% and 10.17% stake respectively.