Dusminute, a grocery chain, has secured Rs 11.5 crore in a bridge round led by Inflection Point Ventures. The money will be used to propel Dusminute’s development in Bangalore.
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Many investors and angel investors with extensive experience in the sector participated in the round, which was handled by angel investor and banker Bandana Kankani, as reported by Indianweb2.com.
Madhukar Bhardwaj, Sr. Vice President, Inflection Point Ventures, says, “DusMinute is aiming to take quick commerce a notch higher by leveraging an omni channel approach. It blends the best of both worlds, of a quick-commerce operator as a quick delivery provider and the convenience and healthy unit economics of a neighbourhood kirana store. In-society stores make customers more comfortable in buying and exchanging products and the home delivery provided adds convenience with a familiar touch of kirana stores. We believe such a hybrid model has the potential to emerge as a good alternative to users and will establish itself as a recognizable brand in coming times.”
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Apoorva Mishra, CEO, Dusminute says, “Omni channel is the future of retail and it’s here already. Dusminute redefines both the offline and online experience for its consumers. This investment will help us to scale up in Bangalore and turn operationally profitable within the coming months. We want to capture a key market like Bangalore, build a profitable business and then enter newer markets in India.”
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About Dusminute
Apoorva Mishra, Ankita Asai, and Nikhil Gupta founded Dusminute in 2017, the country’s first hyperlocal managed living platform that offers all the facilities and needs of residents right to their front door.
They are revolutionizing modern urban living with hotel-like comfort at home through their retail outlets inside community complexes, which offer retail groceries, dairy, fruits, veggies, and domestic items, as well as an application for transport and all essential home and personal services.
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