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Accel-backed City Mall breaks even in FY25
Mint New Delhi
|June 12, 2025
Ecommerce startup CityMall, active across 60 cities, hit breakeven after streamlining its supply chain
E-commerce startup CityMall has turned operationally profitable in FY25, following a major revamp of its grocery delivery model across tier-2 and tier-3 towns. The Gurugram-based firm, now active across 60 cities in Uttar Pradesh, Haryana, National Capital Region (NCR), hit breakeven after streamlining its supply chain and pivoting away from its original social commerce approach.
Backed by Accel, Elevation Capital and General Catalyst, CityMall has grown over threefold in the past 15 months and is currently doubling its revenue year-on-year, according to co-founder and chief executive officer (CEO) Angad Kikla.
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