You can be on Entrepreneur’s cover!

Grocery Retailer SuperK Secures USD 6 Mn in Series A from Blume Ventures and Others The Bengaluru-based startup aims to deploy the raised funds into technology infrastructure, hiring, and amplifying the platform's reach to fuel connections between digital native brands and their customer base.

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Neeraj Menta, Co-founder of SuperK/LinkedIn

Small town grocery retail chain SuperK has announced the raising of USD 6 million in a Series A round led by Blume Ventures with participation from Silver Needle Ventures, Veltis Capital, Atrium Angels, and some angel investors and syndicates.

According to the official release, the raised funding will be used for technology infrastructure, hiring, and amplifying the platform's reach to fuel connections between digital native brands and their customer base.

Neeraj Menta, Co-founder of SuperK, said, "At SuperK, our vision is to bring a better grocery shopping experience for the small-town customers who are currently stuck with a subpar experience provided by their neighbourhood kirana store."

Founded in 2020 by Anil Thontepu and Neeraj Menta, SuperK is creating a modern grocery experience for small-town customers at transparent and affordable prices.

Over the previous four years, the Binny Bansal-backed firm has served over 5 lakh families in more than 80 Tier III, IV, and V towns in Andhra Pradesh.

Karthik Reddy, Blume Ventures, said, "We were tracking this space for a couple of years, and while the market was hot for Tier III-IV towns, retail enabled by a tech supply-chain backbone, we saw SuperK's dense approach in AP paying off dividends and delivering store-level profitability—we think it's the right way to build modern trade for Bharat."

Entrepreneur Staff

Entrepreneur Staff


Business News

I Designed My Dream Home For Free With an AI Architect — Here's How It Works

The AI architect, Vitruvius, created three designs in minutes, complete with floor plans and pictures of the inside and outside of the house.

Business Ideas

7 Link-Building Tactics You Need to Know to Skyrocket Your Website's Rankings

An essential component of SEO, link building is not just a 'Set them and forget them' proposition, but a dance of skills and strategies.

Science & Technology

These Are the Top 6 AI Threats to Your Business Right Now

The modern workforce is forever changed by artificial intelligence. If you fail to understand that we will all need to learn AI to some degree, you haven't been paying attention.

Business News

This Fan-Favorite Masters 2024 Item Is Still $1.50 as Tournament Menu Appears Unscathed by Inflation

The pimento cheese sandwich is a tradition almost as big as the tournament itself.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Here's One Thing Americans Would Take a Pay Cut For — Besides Remote Work

An Empower survey found a high percentage of respondents would take a pay cut for better retirement benefits and remote work options.