In late 2014, Local Banya received funding from Shrem Strategies. The company is now all set to use this funding to expand its operations in Pune. The full operations in Pune have been in effect since Feb 20th this year.
“The launch of our services in Pune coupled with a fresh round of funding, sets us on our way to the next phase of our vision – taking brand Localbanya to as many Indian households as possible. We have gained a lot of experience here in Mumbai and feel this is the right time to expand our operations. If all goes well, we hope to be in 4-5 additional metros very shortly,” says Localbanya Co-founder Rashi Choudhary.
The company delivers groceries at doorsteps is planning to expand to major metro cities within the country and this is their first move in that direction.
Prior to Shrem Strategies, the company has also received funding from BCCL’s Springboard Fund and Karmvir Avant Infotech Pvt Ltd. Local Banya was the first company to start online grocery services in the city of Mumbai in 2012.