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Funding Alert: Retail Tech startup Daalchini raises $4 Million in Series A round

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RetailTech startup Daalchini has raised $4 million in a Series A round led by Unicorn India Ventures. The round also saw participation from prominent and existing investors like Artha Venture Fund, Ajay Kaul – former CEO of Dominos India, and VSS Investco – the investment vertical of Vijay Shekhar Sharma – CEO of Paytm, the company highlighted. 

The statement also mentioned that the large part of the funding will be deployed to expand their industry footprint and further their tech capabilities. The Company wants to make its solutions asset-efficient and accessible to 10 million retail points in India and 450+ F&B D2C brands. 

Prerna Kalra, Co-founder & CEO of Daalchini Technologies, says, “Daalchini aims to establish its footprints at every 200 meters of habitable area with its autonomous smart stores and vending machines. Today, our country has just a few thousand vending machines, while the US or Japan has more than one autonomous store for every 200 people. We are far from the true potential of this kind of retail.”

“We quickly expanded our network to 11 states and 23 cities with 850+ stores. We will continue leveraging our unique tech and supply chain for fresh and packaged food to reach 50+ cities,” Prerna adds. 

Founded in 2017 by ex-Paytm colleagues Prerna Kalra and Vidya Bhushan, Daalchini takes affordable snacks and home-style meals to its customers through technology-efficient models like automated kiosks, mobility retails, and smart vending machines.

According to the Kearney India Retail Index, the retail industry, dominated by the food and groceries sector, will grow at a 9% rate from $779 billion in 2019 to $1,407 billion in 2026 to $1,884 billion in 2030.