Retail store Development Company 91 Squarefeet raises $1 million
- ByTejika Bajaj | January 10, 2022
Retail store development company 91 Squarefeet (formerly known as Rolling Banners) has recently announced that it has raised a sum of $1 million in a pre-seed round of funding led by Omphalos Ventures India. The round also saw eager participation from ikhil Vora of Sixth Sense Ventures, actor Rannvijay Singh Singha as well as VG Angels among others.
91 Squarefeet has also been chosen for the W22 batch of Y Combinator and also happens to be a part of Venture Garage’s portfolio of companies.
“The raised capital will be used in upgrading our capacity to handle 500 stores a month kind of business volume over the next 12 months. Driving tech adoption amongst the supplier base is going to be a focus area. The company competes with other players in unorganised contractors and agencies,” Amit Bansal, Co-Founder of 91 Squarefeet said.
Founded by Amit Bansal, Amit Mishra and Puneet Bansal in 2018, 91 Squarefeet is a retail store development company which allows retailers to build new retail stores as well as to maintain existing ones without an in-house projects team. The brand also claims to have built a project management platform whereby different companies can collaborate with the suppliers of retail fitouts and accelerate their expansion. Till date, it has developed over 500 outlets for 20 brands across 22 states in India.
Nikhil Vora, Founder and CEO of Sixth Sense Ventures said, “The biggest opportunity in India is all about the shift from unorganised , fragmented and non-transparency to an organised, consolidated and transparent platform.”
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