Key Metrics
  • No. of Employees973
  • Founded Year 2020
  • Company StagePrivate Limited Company
  • Total Funding₹851.54 Cr
  • Industry

  • Headquarter
  • Company StatusActive
About CityMall

CityMall is a community commerce platform focused on 300 million new to internet users living in small cities, towns, and villages in India. Backed by top-tier VCs like General Catalyst, Elevation, Accel and Waterbridge, CityMall deals in Grocery, Fresh and Packaged FMCG, Electronics and Fashion categories.


So far e-commerce has primarily benefited residents of the top 8 metropolitan cities in India. Key reasons for this are lack of trust, lack of familiarity with browsing and transacting online, low average order values (which makes economic viability a challenge for the platforms), lack of credit in online channels (which neighbourhood stores offer). CityMall is trying to solve this problem for Bharat.


CityMall is a highly efficient channel to serve these consumers through "Community Leaders". They are the "Social" & "Geographical" connectors between end consumers and CityMall. They help them in customer acquisition, localised sales & marketing to capture customers' share of wallet, and the last mile logistics in their communities, thus making the community-led model more suitable for small towns, cities, and villages. 80% of their consumers transact for the very first time on CityMall’s app. They are enabling thousands of people to start their small business without any investment.


Founded by IIT Delhi and IIT Roorkee alumni with 8+ years of entrepreneurial experience, CityMall aims to create hundreds of thousands of such micro-entrepreneurs and empower them to create the go-to e-commerce platform for Bharat.

Business Model

Grocery-focused social commerce startup CityMall lists daily use products like grocery, FMCG as well as certain home and kitchen-related products and plans to add new categories such as beauty, and accessories through a network of community resellers in tier II and III cities.

Top Competitors
UD
UdaanU72900KA2016PTC093868
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RedbasilU72900HR2021PTC092328
IN
IndiamartL74899DL1999PLC101534
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DealshareU74999RJ2018PTC062179
CityMall Funding Details
Funding Highlights
Latest Funding RoundSeries C
Total Funding Raised₹851.54 Cr
No. of Investments Made0
Total No. of Acquisitions0
Lead Investors5
Investors
  • Elevation Capital, Accel, Jungle Ventures, GC India Investment Holdings, Norwest Capital
Funding Details
TheKredible's detailed funding report contains info about Funding raised by the company along with Lead Investors, Investors, Shareholding Strcuture, and its Investments & Acquisitions.
₹799.00 ₹1,598.00
Funding History
TheKredible's 'Funding History' report provides deep insights of Funding with list of Lead Investors
₹399.00 ₹798.00
Funding Per Year
A Funding report of the company's overall funding on yearly basis, segregated by the team TheKredible.
₹199.00 ₹398.00
CityMall Financial Details
Financial Highlights
FY 2022-23 Revenue₹380.9 Cr
FY 2022-23 Expenses₹525.8 Cr
FY 2022-23 Profit/Loss-₹144.95 Cr
Net Cash Flow From Operations-₹222.13 Cr
Full Financial Details
Detailed report containing info about Business Model, year-wise Financial Comparison, Ratio Analysis and detailed Revenue and Expense breakdowns.
₹799.00 ₹1,598.00
Financial Comparison
A detailed report of year-wise Financial Comparison of the company
₹430.00 ₹860.00
Revenue Breakdown
A report and breakdown of the company's year-wise revenue streams.
₹399.00 ₹798.00
Expense Breakdown
A report and breakdown of the company's year-wise expenditures.
₹399.00 ₹798.00
Shareholding Structure
Team at TheKredible has gone through several ROC filings and portrayed Shareholding Structure of the company.
₹499.00 ₹998.00
Financial Ratio
Analysis of Financial Ratios which gives quick insights about the company's profitability and capital efficiency.
₹199.00 ₹398.00
CityMall Key People
People Metrics
Current Core Team2
Board Members/Directors3

Core Team

NV
Naisheel VerdhanCo-Founder
AK
Angad KiklaCo-Founder

Board Members/Directors

MA
Mukul AroraDirector
AV
Angad Vinod KiklaDirector
NV
Naisheel VerdhanDirector
CityMall Documents

AY - 2020-21

Profit and Loss statement - CityMall - 2020-21.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CityMall for FY 2020-21.
₹249.00 ₹498.00
Balance Sheet - CityMall - 2020-21.pdf
TheKredible's experts has summarized the Balance Sheet of CityMall for FY 2020-21.
₹249.00 ₹498.00

AY - 2021-22

Profit and loss statement - CityMall - 2021-22.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CityMall for FY 2021-22
₹249.00 ₹498.00
Balance sheet - CityMall - 2021-22.pdf
TheKredible's experts has summarized the Balance Sheet of CityMall for FY 2021-22
₹249.00 ₹498.00

AY - 2022-23

Profit and loss statement - CityMall - 2022-23.pdf
TheKredible's experts has summarized the Profit and Loss Statement of CityMall for FY 2022-23
₹249.00 ₹498.00
Balance sheet - CityMall - 2022-23.pdf
TheKredible's experts has summarized the Balance Sheet of CityMall for FY 2022-23
₹249.00 ₹498.00

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