fbpx

91Squarefeet raises $10 Mn in Series A funding with YC backing.

Retail store development company 91Squarefeet has raised $10 million in Series A round by Stellaris Venture Partners with participation from its existing investors Y Combinator, Betatron and other angel investors.

Entrackr had exclusively reported this development last week.

The funding will be used to strengthen 91Squarefeet’s on-ground service muscle, product development and deepen its engagement with its supplier network, the company said in a press release.

Founded in 2019 by Amit Bansal, Amit Mishra and Puneet Bansal, 91Squarefeet enables retailers to set up new retail stores and maintain existing ones without an in-house projects team. The company has delivered 700 projects for over 40 retailers including Reliance Retail and Tata Group.

Gurugram-based 91Squarefeet claims to have a network of 700 suppliers across spectilations such as retail fitouts, branding and civil work in 180 cities. The company has set a target to work on over 2,000 stores in the ongoing fiscal year (FY23) and aspires to develop 20% retail expansion in major markets.

In January this year, the company had raised $1 million in a pre-seed funding round from Omphalos Ventures, Nikhil Vora and others. It was also a part of the famed Y-Combinator winter 2022 cohort.

91Squarefeet seems to be a fascinating startup with a motivating turn of events on retail platform. My best wishes to the entire team. This will give them a huge accomplishment in the future.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.

For Editorial/Rectification please email aditi@startuplanes.com

Tags

top