Accel and Peak XV-backed grocery brand Apna Mart revenue jumps 86%

Apna Mart, a grocery brand backed by Accel and Peak XV, reported an 86% jump in its revenue for FY24. The company’s success is attributed to its aggressive expansion strategy and strong demand for its affordable grocery products. Apna Mart has been focusing on strengthening its supply chain, leveraging technology for efficient operations, and targeting the growing Indian middle-class consumer base. The company’s focus on last-mile delivery and competitive pricing has allowed it to establish a strong foothold in the grocery retail sector. This rapid growth marks Apna Mart as one of the key players in India’s grocery retail landscape.