CityMall
CityMall is an e-commerce platform targeting 500M new internet users in India's small cities and towns, offering groceries, FMCG, electronics, and fashion.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor | €0.0 | round |
| investor investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
* | $75.0m Valuation: $320m | Series C | |
| Total Funding | 000k | ||
| INR | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| % profit margin | (38 %) |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Company filings or news article
Related Content
CityMall, accessible at citymall.live, is an innovative startup operating in the social e-commerce sector, primarily serving customers in Tier 2 and Tier 3 cities in India. The company leverages the power of community leaders to drive sales and provide a seamless shopping experience for consumers who may not have easy access to traditional retail outlets.
CityMall's business model revolves around a network of community leaders who act as intermediaries between the company and the end customers. These leaders use social media platforms like WhatsApp to promote and sell a wide range of products, including groceries, household items, and fashion accessories. By doing so, CityMall taps into the trust and influence these community leaders have within their localities, effectively reducing customer acquisition costs and enhancing customer loyalty.
The market CityMall operates in is vast and largely untapped, focusing on the burgeoning middle class in smaller Indian cities. This demographic is increasingly looking for convenient and affordable shopping options, and CityMall meets this demand by offering significant discounts on a variety of products. The company sources products directly from manufacturers and wholesalers, ensuring competitive pricing and a diverse product range.
CityMall generates revenue through a margin on the products sold. By cutting out traditional retail middlemen, the company can offer lower prices to consumers while still maintaining a healthy profit margin. Additionally, the use of community leaders helps in reducing marketing and distribution costs, further enhancing profitability.
In summary, CityMall is a social e-commerce platform that leverages community leaders to sell a wide range of products at discounted prices to customers in smaller Indian cities. The company operates in a high-potential market, with a business model that focuses on cost efficiency and local trust.
Keywords: social e-commerce, community leaders, Tier 2 cities, Tier 3 cities, India, groceries, household items, fashion accessories, discounted prices, local trust.