Mumbai based, hyper local grocery delivery startup KiranaKart, has raised INR 5.33 crore in a pre-series A round of funding. The round was led by Global Founders Capital and saw participation from Contrary Capital, 2 AM Ventures, and angel investors from India & Silicon Valley.

The quick delivery company intends to utilize the fresh infusion of funds to expand its 45-minute grocery delivery service across Mumbai, and grow aggressively in the city before expanding to other metros. It expects to make the first 1,50,000 deliveries at a delivery cost of Re 1.

Founded by young 18 year old entrepreneur duo of Kaivalya Vohra and Aadit Palicha, KiranaKart comes with a promise to deliver groceries instantly. The Y Combinator backed firm has partnered with local kirana stores and is now working towards parterning with bigger retail stores across Mumbai. The company is on a growth spurt as it looks to expand its team by hiring engineers.

Speaking on the fund raise CTO and Co-founder, Kaivalya Vohra said, “We believe our technology-first approach will be a powerful edge over incumbents in this space. Unlike food delivery or ride-sharing, the grocery delivery market in India is far from conquered and we’re excited to tackle it head-on with a different approach.” Kaivalya also added that the team is currently hiring ambitious engineers with a founder-mentality for their core group of top technical talent.

Speaking about the company’s growth plans, Aadit Palicha, CEO & Co-Founder, KiranaKart said, “As our Y Combinator journey unfolded, we focused on finding a loyal segment of users and iterating on our product. We’ve kept ourselves under the radar, but now we’re ready to move this forward in a big way! We've already onboarded enough kiranas and major retail chains to comfortably deliver to 80% of Mumbai and we're excited for our all-city launch in the next 3 weeks”.