CityMall raises $47M Series D to expand its e-commerce in smaller cities

CityMall raised $47M in Series D led by Accel to scale its e-commerce platform in Tier-II and III cities. Founded by Angad Kikla and Naisheel Verdhan, it serves value-conscious consumers via community leaders. Funds will boost distribution, private labels, and supply chains. Reporting Rs 460 Cr FY24 revenue, up 22% YoY, CityMall aims to tap India’s growing small-town e-commerce market with its low-cost model.