Hyperlocal delivery service Aagaar has received funding from a group of investors. The amount that has been funded remains undisclosed.
AAGAAR plans to use the money to re-structure its portal, augment warehouse infrastructure and improve its delivery setup, as per a press statement. It has started operations in parts of Gurgaon.
“The current round has helped set up and validate the process and infrastructure for AAGAAR’s offering. The company now plans to scale to deliver in more locations,” said Deepak Saharawat, founder of AAGAAR.
Story of Aagaar:
Aagaar was started back in November 2014 with the aim of providing fresh and daily essentials like fruits & vegetables, groceries, beverages, personal care, dairy products to their customers.
The company is planning to raise a further round of investment to expand operations in Delhi NCR, the statement said.
Saharawat has almost a decade of experience in the retail sector. Prior to establishing this venture, he worked with Shoppers Stop & HyperCITY and e-commerce company Letsbuy.com.
The Market Space:
The online grocery space is fasting becoming crowded with big names like Snapdeal tying up with Godrej Nature’s Basket to sell their products online and Amazon testing the waters in Bangalore by delivering local produce.
Even Flipkart is expected to be delivering groceries sometime later this year. Aside from this, firms such as LocalBanya, Grofers, BigBasket, Zopnow and PepperTap have also raised money this year.