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Startups take DMart route to small towns, catch investor eyes

Mint Chennai

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July 31, 2025

Last week, India's test cricket captain Shubman Gill was part of a ₹100-crore investment into a supermarket chain that counts Kadapa, a small city in Andhra Pradesh with a population of under 500,000, as its biggest market.

- Sowmya Ramasubramanian

SuperK, which sells groceries at affordable prices similar to that at DMart, Vishal Mega Mart, and Reliance Retail's Smart Bazaar, attracted other marquee investors as well—Flipkart co-founder Binny Bansal's 3State Ventures, and CaratLane founder Mithun Sacheti.

Other similar value-retail chains Apna Mart, Citykart and Aap ka Bazar that are focused on small-town India and have quick-commerce and technology-led operations at their core have also caught the eye of venture capital investors.

Nandan Nilekani's investment firm Fundamentum Partnership, Accel and Peak XV Partners invested $25 million (nearly ₹220 crore) in Bengaluru-based Apna Mart in March. Citykart meanwhile, secured ₹538 crore from TPG NewQuest and A91 Partners in May.

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Mint Chennai

Mint Chennai

Donald Trump's influence trade uses power as a global currency

The US leader’s pursuit of hard bargains poses a challenge for India that needs to be countered with the best diplomatic tools

time to read

4 mins

January 26, 2026

Mint Chennai

ED charge-sheets gaming app WinZO

ED alleged players lost ₹734 crore on the platform has the firm manipulated the game's algorithms.

time to read

1 min

January 26, 2026

Mint Chennai

Mint Chennai

Self-reliance, swadeshi guide economic journey: President

Against a backdrop of geopolitical tensions and slowing global growth, President Droupadi Murmu on Sunday said India's economic momentum remains strong, underpinned by reforms, infrastructure investment and a renewed focus on self-reliance.

time to read

1 min

January 26, 2026

Mint Chennai

Can DLF reverse a pre-sales dip?

DLF

time to read

2 mins

January 26, 2026

Mint Chennai

EU leaders arrive in India ahead of summit

European Council president Antonio Costa arrived in India on Sunday as the European Union (EU) and New Delhi seek to seal a free trade pact, capping nearly two decades of negotiations between the economic behemoths.

time to read

1 min

January 26, 2026

Mint Chennai

Mint Chennai

India to display military might, growth story at R-Day parade

India will display its development journey, cultural diversity and military might, including newly-raised units and mock-ups of major weapon systems deployed during Operation Sindoor, at the 77th Republic Day celebrations on Monday.

time to read

1 min

January 26, 2026

Mint Chennai

CPCL Q3 net profit rises to ₹1,002 cr

Chennai Petroleum Corp. Ltd (CPCL) reported a consolidated profit of ₹1,001.59 crore for the October-December 2025 quarter, driven by sustained operational excellence, the company said.

time to read

1 min

January 26, 2026

Mint Chennai

Fast chargers surge, but there's way to go

The availability of fast chargers along India's major highways surged last year as the government and companies ramped up charging infrastructure amid growing electric vehicle (EV) penetration in the country.

time to read

1 min

January 26, 2026

Mint Chennai

CELEBRATING A LEGACY OF SHARED DIFFERENCES

Why do we celebrate 26 January?

time to read

3 mins

January 26, 2026

Mint Chennai

Mint Chennai

How viral fears prevented a polio vax trial in India

A fear of Chinese polio sneaking in has forced the apex drug regulator to slam the door on human trials of a paediatric vaccine, as it fights to preserve India's hard-won status as a polio-free nation.

time to read

1 min

January 26, 2026

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