About CityMall
CityMall is a company based in Gurugram (India) founded in 2019 by Naisheel Verdhan and Angad Kikla. It operates as a Two-Sided Marketplace. CityMall has raised $153.38 million across 10 funding rounds from investors including Angel List, Accel and Venture Catalysts. The company has 1,597 employees as of May 31, 2025. CityMall offers products and services including Grocery Items, Electronics, and Fashion Products. CityMall operates in a competitive market with competitors including Flipkart, Myntra, Nykaa, Amazon and Snapdeal, among others.
- Headquarter Gurugram, India
- Employees 1597 as on 31 May, 2025
- Founders Naisheel Verdhan, Angad Kikla
- Stage Minicorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$55.51 M (USD)22as on Mar 31, 2024
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Net Profit
$-19.21 M (USD)-10as on Mar 31, 2024
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EBITDA
$-16.81 M (USD)-2as on Mar 31, 2024
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Total Equity Funding
$153.38 M (USD)
in 10 rounds
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Latest Funding Round
$41 M (USD), Series D
Sep 01, 2025
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Investors
Angel List
& 44 more
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Employee Count
1597
as on May 31, 2025
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Products & Services of CityMall
CityMall offers a comprehensive portfolio of products and services, including Grocery Items, Electronics, and Fashion Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Essential food items are offered for daily needs.
Various electronic gadgets are sold for consumers.
Clothing and accessories are provided for all.
Funding Insights of CityMall
CityMall has successfully raised a total of $153.38M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $41 million completed in September 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $41.0M
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First Round
First Round
(03 Oct 2019)
- Investors Count 45
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2025 | Amount | Debt – Conventional - CityMall | Valuation |
investors |
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| Sep, 2025 | Amount | Series D - CityMall | Valuation | Accel | |
| Mar, 2025 | Amount | Debt – Conventional - CityMall | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in CityMall
CityMall has secured backing from 45 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Angel List, Accel and Venture Catalysts. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture debt funding and structured finance for innovative startups in India.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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Elevation Capital is focused on early-stage tech investments in India.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by CityMall
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - CityMall
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Citymall Comparisons
Competitors of CityMall
CityMall operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Flipkart, Myntra, Nykaa, Amazon and Snapdeal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multi-category consumer products are offered via an online marketplace platform.
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| domain | founded_year | HQ Location |
Fashion and lifestyle products are offered via an online marketplace.
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| domain | founded_year | HQ Location |
Cosmetics, skincare, haircare, and wellness products are retailed online.
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| domain | founded_year | HQ Location |
Multi-category products are offered through an online marketplace.
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| domain | founded_year | HQ Location |
Discounted products across multiple categories are sold online.
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| domain | founded_year | HQ Location |
Online marketplace platform offering multi-category consumer products
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Citymall
Frequently Asked Questions about CityMall
When was CityMall founded?
CityMall was founded in 2019.
Where is CityMall located?
CityMall is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of CityMall?
Angad Kikla is the current CEO of CityMall. They have also founded this company.
Is CityMall a funded company?
CityMall is a funded company, having raised a total of $153.38M across 10 funding rounds to date. The company's 1st funding round was a Debt – Conventional of $6.33M, raised on Oct 03, 2019.
How many employees does CityMall have?
As of May 31, 2025, the latest employee count at CityMall is 1,597.
What is the annual revenue of CityMall?
Annual revenue of CityMall is $55.51M as on Mar 31, 2024.
What does CityMall do?
CityMall is managed as an e-commerce platform offering a wide range of products including groceries, electronics, fashion, and home essentials. Operations are focused on providing diverse categories such as personal care, kitchen items, and baby products. The platform is designed to cater to customers across India with services like cash on delivery and free shipping. Multiple sectors including retail and lifestyle are covered through an extensive product catalog.
Who are the top competitors of CityMall?
What products or services does CityMall offer?
CityMall offers Grocery Items, Electronics, and Fashion Products.
Who are CityMall's investors?
CityMall has 45 investors. Key investors include Angel List, Accel, Venture Catalysts, LetsVenture, and Alteria Capital.
What is CityMall's valuation?
The valuation of CityMall is $314.87M as of Mar 2022.