Gully Network Retail, which is a chain of small-format Kirana stores, has now secured INR 5 crore in the funding round from Orios Venture Partners.
The company started in the month of August by the Prateek and Ajay, transforms a small format business into an omnichannel modern store, which makes the store experience as well as the business model more competitive.
Gully Network currently operates in Bengaluru and has 25 stores.
“In the last few years, the Indian grocery retail ecosystem has witnessed new solutions, such as B2B supply, POS, and Finance. However, there is none to solve 360-degree pain points of retailers and their hyper-local consumers. Retailers still waste hours comparing prices on B2B apps and following up with traditional distributors,” Nain said.