Frendy
Building a digitized Convenience Store Network for India’s small towns + rural. Learn more
Launch date
Employees
Market cap
-
Enterprise valuation
$15m (Public information from Nov 2023)
Ahmedabad Gujarat (HQ)
Financials
Estimates*
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.3m | Seed | |
* | $3.0m | Series A | |
* | $2.0m Valuation: $15.0m | Early VC | |
* | $239k | Debt | |
Total Funding | $6.3m |
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EditMore about Frendy
EditFrendy is building a chain of modern neighbourhood mini marts that "make daily shopping better” for consumers in small towns of India. Frendy Marts are also digitally connected to a cluster of micro kiranas (mom & pop stores) and their end customers allowing Frendy to build a last mile digital commerce bridge to serve a wider range of rural consumers.
In less than 3 years Frendy has built 25 Marts & a network of 2000+ Micro stores to serve over 50,000 families in 40 towns of Gujarat & a portfolio of 300+ Private Label SKUs. Frendy is headquartered in Ahmedabad with a 100 member team.
Tech stack
Tech stackLearn more about the technologies and tools that this company uses.