VilCart provides procurement, inventory and logistics solutions to village kirana (grocery) stores. Founded in 2018 by Prasanna Kumar, Mahesh Bhat, Rajasekhar and Amith S Mali, it began operations in one district of Karnataka and has expanded to multiple districts including Mandya, Kolar and Bengaluru rural. The company currently services nearly 5,000 villages in Karnataka and has a network of about 45,000 kirana stores. VilCart is targeting profitability in the ongoing fiscal year (FY23) and has publicly stated a target of Rs 12,000 crore turnover over the next three years. The firm will use the new capital for operations and business development, according to its Registrar of Companies filing. The company recently completed a Series A round that increases its available capital to support its stated growth and profitability plans.

Total raised

$13M

Funding rounds

1

Latest round

Series A

Latest activity

Jan 2023