Retail-Tech startup Daalchini raises $4 million in the Series A round
- ByStartupStory | September 7, 2022
On Wednesday, Daalchini Technologies said that it has raised $4 million in a Series A funding round led by Unicorn India Ventures.
The series A round of funding also saw participation from investors that included Artha Venture Fund, Ajay Kaul (former CEO of Domonis), and VSS Investco, Vijay Shekhar Sharma’s investment vehicle.
“The retail tech segment in India is going through a massive transition from its traditional physical store form to a digital one, the speed of which has been intensified by the pandemic,” said Ruchi Pincha, Investment Associate, Unicorn India Ventures.
She further added, “In this phase, Daalchini represents the best of both worlds with a ubiquitous physical presence backed by a strong technological framework that prioritizes its customers’ needs and convenience.”
Prerna Kalra and Vidya Bhushan said it would utilize the funds to expand its footprint and build its technology.
Daalchini obtained a revenue of Rs 12 crore in FY2022, and its app has more than 2 lakh active users each month. In the upcoming 12 months, the firm aims for revenue of Rs 50 crore and GMV of Rs 130 crore.
About Daalchini
Founded in 2017, retail-tech startup Daalchini is India’s leading provider of smart vending machines. Daalchini is a physical marketplace for home chefs, cloud kitchens, and D2C brands, enabling them to sell their products through LoT-based smart vending machines. The startup provides snacks, beverages, home-cooked food, healthy bars, and fruits through its network of automatic vending machines across 15 Indian cities, including Delhi-NCR, Mumbai, Pune, and Bangalore.
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