CityMall Raises $75 Mn in Series C Round Led by Norwest
                     CityMall Raises $75 Mn in Series C Round Led 
by Norwest
A social-commerce platform called CityMall has received Rs 574 crore or $75 million, led by 
Norwest Venture Partners and participated by other investors, both existing and new investors. This is 
the third round of funding for the firm based in Gurugram in the past year.
CityMall has granted the allotment of one equity share and 11771 preferential shares at the price of 
458,716 to raise $574 crore (or $75m), the regulatory reports indicate. Norwest Capital and Citius Fund 
are the two biggest participants in the round, with an investment of Rs 142.52 crore and the sum of Rs
112.52   crore,   respectively.   Jungle   Venture,   Elevation   Capital,   AM   Holding,   General   Catalysts, 
Waterbridge Ventures, and Accel have a total of Rs 90 crore, 60 crores, and the sum of Rs 56.2 crore as
well as the sum of Rs 30 crore and 22.5 crores, respectively.
Entrackr was exclusive information regarding this particular round back in October. CityMall raised $11 
million in Series A in March and $22.5 million Series B by June. As per Financial Tracker's estimations, 
the company is valued at 320 million dollars in its Series C round.
Also read: Wakefit Slips Into Losses After Crossing Rs 400 Cr in Revenue
Additionally, the company has also expanded its ESOP option pool from 1381 to 2912 options, and it is 
now worth 135 crores, equivalent to $17.5 million.
CityMall  offers  the  categories  of  lifestyle,  grocery,  and  other  categories  by  establishing  an  
extensive network of community-based resellers in tier II as well as III towns. The company claims to 
have 200K customers and 20,000 resellers in eight cities within Haryana. Haryana.
CityMall  has  earned  money  at  the  beginning  of  the  year  during  the  year-end  of  March  2021.  
The operating revenue was the sum of Rs 14.95 crore for FY21. However, it suffered a loss of the 
equivalent of 10.4 crores over the same time.
CityMall's rival that is closed, DealShare, recently added to the Series E funding round with 45 million 
dollars. The Tiger Global-backed business was the second unicorn to emerge from the world of social 
commerce, following Meesho. CityMall is also in competition against Farmio by Meesho and a couple of 
others.
Also read: SharkTank's Ashneer Grover Demands Rs.4000 Crore to Leave His Company BharatPe
The  Angad  Kikla  and  Naisheel  Vardhan-led  company  joined  a  few  startups  which  have  raised  
three capital rounds over the past twelve months. On Monday, the B2B animal protein market Captain 
Fresh announced its $50 million Series C round. The Bengaluru-based business's previous two  
rounds took place in July and December this year.
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