# CityMall

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/citymall

- Industry: Internet
- Headquarters: Gurgaon, India
- Website: www.citymall.live
- Total disclosed funding: $152M
- Latest round: Series D (Sep 1, 2025)
- Investors on record: 12

## About

Founded in 2019 and headquartered in Gurgaon, India, Rashanbox Retail Private Limited, trading under the name CityMall,  specializes in e-commerce solutions through its platform, CityMall. In September 2025, Citymall raised INR 41 million in series D funding led by returning investor Accel, with participation from other returning investors Citius, Elevation Capital, General Catalyst Partners, Jungle Ventures, Norwest Venture Partners, and WaterBridge Ventures. Other unspecified and individual investors also participated in the round. The round was part of a larger USD 47 million in debt and series D funding. The company is co-founded by Angad K and Naisheel Verdhan, with Nguy?n Trang serving as CEO. CityMall operates as a comprehensive online shopping platform, offering a diverse selection of products including groceries, lifestyle items, electronics, and kitchenware. Their inventory features essential food items like flour and sugar, personal care products, household goods, and more, catering primarily to metropolitan consumers via a user-friendly online interface and cash-on-delivery payment option.In the most recent fiscal year of 2023, CityMall generated revenue of INR 43,807,662.40, while reporting an EBITDA of INR -17,312,208.90. The company's revenue model focuses on direct-to-consumer sales across various product categories, ensuring competitive pricing and quality to foster customer loyalty and repeat purchases.To support its growth initiatives, Cmunity Innovations Pvt. Ltd. plans to utilize the proceeds from its Series C funding, which was raised in March 2022. In September 2025, Citymall raised INR 41 million in series D funding led by returning investor Accel, with participation from other returning investors Citius Capital, Elevation Capital, General Catalyst Partners, Jungle Ventures, Norwest Venture Partners, and WaterBridge Ventures. The company will use September 2025 the funding to strengthen supplier partnerships and improve delivery operations.

## Funding rounds

- Series D, Sep 1, 2025, $41M — Accel, General Catalyst Partners, Norwest Venture Partners, Jungle Ventures, Elevation Capital, WaterBridge Ventures
- Series C, Mar 14, 2022, $74M — Accel, General Catalyst Partners, Norwest Venture Partners, Jungle Ventures, Elevation Capital, WaterBridge Ventures, AM Holdings, Citius
- Series B, Jun 14, 2021, $23M — Accel, General Catalyst Partners, Jungle Ventures, Elevation Capital, WaterBridge Ventures, LVX
- Series A, Mar 26, 2021, $11M — Accel, Jungle Ventures, Elevation Capital, WaterBridge Ventures, Acorn Heavy Industries Worldwide LLC
- Series A, Jul 9, 2020, $3M — Elevation Capital, WaterBridge Ventures, LVX, Madison Capital
- Seed, Oct 3, 2019 — Venture Catalysts

## Investors

- Venture Catalysts (https://capitalatlas.ai/funds/venture-catalysts) — Seed
- Elevation Capital — Series A, Series B, Series C, Series D
- WaterBridge Ventures (https://capitalatlas.ai/funds/waterbridge-ventures) — Series A, Series B, Series C, Series D
- LVX (https://capitalatlas.ai/funds/lvx) — Series A, Series B
- Madison Capital (https://capitalatlas.ai/funds/madison-capital) — Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B, Series C, Series D
- Jungle Ventures (https://capitalatlas.ai/funds/jungle-ventures) — Series A, Series B, Series C, Series D
- Acorn Heavy Industries Worldwide LLC — Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series B, Series C, Series D
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series C, Series D
- AM Holdings — Series C
- Citius (https://capitalatlas.ai/funds/citius) — Series C