Quick commerce startup BazaarNow raise Rs 72.3 crore (approximately $7.8 million) in its Series A funding round, led by Peak XV Partners, with participation from existing investors Whiteboard Capital and Antler.
Key Highlights
- BazaarNow raises Rs 72.3 crore Series A led by Peak XV, boosting valuation significantly.
- Startup targets rapid expansion in quick commerce amid rising competition and strong investor interest.
According to regulatory filings, the company’s board has approved the issuance of 8,123 compulsorily convertible preference shares (CCPS) at a price of Rs 88,851.94 per share to raise the planned capital.
Peak XV Partners is expected to lead the round with an investment of Rs 53.92 crore. Existing investors Whiteboard Capital and Antler will contribute Rs 7.2 crore and Rs 7 crore, respectively. Additional participation will come from Nirman Ventures and a group of angel investors, including Vidit Aatrey, founder and CEO of Meesho.
Post funding, BazaarNow’s valuation is estimated to rise sharply to around Rs 270 crore, up from approximately Rs 40 crore during its earlier seed round. The company plans to utilise the proceeds for working capital requirements and general corporate purposes.
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Founded in January 2026 by former Zepto executives Priyanshu Jain, Arjun Harish, and Tarithnay Mandal, the Bengaluru-based startup focuses on ultra-fast delivery of groceries and daily essentials. The platform promises sub-10-minute delivery through a network of strategically located dark stores and is currently operational in select parts of Bengaluru.
The company had previously raised Rs 7.82 crore in its seed round in December 2025, led by Antler and Whiteboard Capital.
BazaarNow operates in India’s rapidly expanding quick commerce segment, competing with established players such as Zepto, Blinkit, and Swiggy Instamart. The space is also witnessing aggressive expansion from new entrants like Flipkart Minutes and Amazon Now.
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