Fireside Ventures led ₹30 Cr seed round in D2C grocery startup Anmasa; fresh capital to fuel expansion into new cities
Yatish TalvadiaShailendra UpadhyayBlume VenturesIndigram LabFireside VenturesAnmasaSnow Leopard Technology VenturesVeltis Capital

Fireside Ventures led ₹30 Cr seed round in D2C grocery startup Anmasa; fresh capital to fuel expansion into new cities

Fireside Ventures has led a ₹30 crore ($3.15 million) seed funding round for D2C grocery startup Anmasa, which aims to expand into new cities. The funding increases Anmasa's total capital raised to ₹47 crore, supporting its hyperlocal model of delivering fresh staples within 90 minutes.

Entrackr+1 source6h ago
CuriousCats Full Story

Fireside Ventures has led a ₹30 crore ($3.15 million) seed funding round for D2C grocery startup Anmasa, which has now raised a total of ₹47 crore (approximately $5 million). Founded in 2023 by Yatish Talvadia and Shailendra Upadhyay, Anmasa operates on a hyperlocal model, delivering fresh staples like flour and oils within 90 minutes.12

The fresh capital will be used to expand into new cities, enhance technology infrastructure, and hire senior talent. Anmasa plans to enter the Bengaluru market within the next three to six months, followed by Pune or Hyderabad, targeting 25 cities for expansion over the next five years.3

Anmasa's unique model includes neighbourhood micro-factories that prepare products only after an order is placed, driving a remarkable 23x growth over the past year. The startup claims that around 70% of its revenue comes from repeat customers, with the highest-value cohorts spending over ₹5,000 per month.

Technology, team building, expansion. These are the three core areas that we are focusing on moving forward,” said Talvadia. The startup currently processes around 700-800 online orders daily, with a 90-day repeat rate of nearly 50% and most stores achieving positive EBITDA.

Talvadia's previous experience with Milkbasket has informed Anmasa's strategy, allowing the company to identify markets where its model can thrive. “That’s the advantage of being a second-time entrepreneur,” he noted, reflecting on lessons learned from past ventures.

Key Insight
“Founded by former Milkbasket founder Yatish Talvadia, Anmasa operates nine stores across Gurugram and Noida, processing 700-800 daily orders with 85% of revenue from online orders. The startup claims a 90-day repeat rate of nearly 50% and plans to enter Bengaluru within 3-6 months, with 25 cities identified for expansion.”
CuriousCats studied:
1
Entrackr
“Hyperlocal fresh staples startup Anmasa has raised Rs 30 crore ($3.15 million) in a seed funding round led by Fireside Ventures, with participation from Blume Ventures, existing investors, and select HNIs.”
Entrackr →
2
Inc42
“D2C grocery startup Anmasa has raised ₹30 Cr ($3.1 Mn) in its seed funding round. The round was led by new investor Fireside Ventures and also saw participation from existing backer Blume Ventures as well as undisclosed angel investors.”
Inc42 →
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