Business Standard

LocalBanya aims to raise $15 million in the next quarter

LocalBanya aims to raise $15 million in the next quarter

  • February 14, 2015
  • min read

Business Standard

LocalBanya aims to raise $15 million in the next quarter

Mumbai-based grocery e-tailer LocalBanya is set for a fourth round of funding worth about $15 million from domestic venture capital firms within the next quarter. In a joint study, Bain & Company and Google said that online sales in the fast-moving consumer goods (FMCG) category would reach $5 billion by 2020. This would make up about 5% of total FMCG sales in the country.

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