Grocery and FMCG products focused procuring platform for retailers Peel-Works has raised $5 million Series B round led by Equanimity Ventures, HDFC Bank, Bruno Raschle. Existing investors Unilever, Chiratae and Inventus also participated in the financing round.
Currently, it’s live across 16 cities with 20,000 retailers using the platform to improve their sales, basket-fill, and profitability. The proceeds would be deployed towards expanding business across 25 cities and onboard 100,000 retailers by the end of the ongoing FY. (Source: PR)