Connect with us

The Plunge Daily

DusMinute secures 1.1 million USD in pre-Series A round funding led by Indian Angel Network

DusMinute picks up $1.1M


DusMinute secures 1.1 million USD in pre-Series A round funding led by Indian Angel Network

Omnichannel amenities platform DusMinute has secured $1.1 million in pre-series A round of funding led by Indian Angel Network along with a few high net worth individuals. Launched in October 2017, the Bengaluru-based startup offers amenities like supermarket, pharmacy, home services, café, and more, through in-society stores and an exclusive app, for residents of gated communities. The company allows residents to walk in and buy products, or order them through its app and get them delivered home in a few minutes. It also offers home services such as plumbers and electricians among others.

In a short period, the startup has gained popularity for providing safe and convenient shopping experience to its users. Especially during the lockdown period, the company earned kudos for delivering all necessities within minutes from their own community store. According to various reports, more than 23 lakh households were staying in over 25,000 communities across Bengaluru, Chennai, Mumbai, Delhi-NCR, Pune, Hyderabad, and Kolkata. By 2030, this number is expected to increase to about 75 lakh.

Currently, the company operates in 19 gated communities built by Brigade, Prestige, Sobha, Provident, SNN, Shriram, and Godrej in Bengaluru that have around 36,000 homes.

Speaking about the funding round, Apoorva Mishra, CEO of DusMinute, said, “DusMinute is powering next-gen apartment buildings. We are developing a sustainable ecosystem and reducing carbon footprint by serving hyperlocally. The funding will allow us to expand to over 80,000 households and also to deepen our integrated service offering. Technology would play a major role in personalizing this experience for every household uniquely.”

Also Read: 

Paytm Money sets up tech development centre in Pune, to hire 250 engineers, data scientists

The startup was founded by a IIT graduates Apoorva Mishra, Ankita Asai, and Nikhil Gupta, who had earlier co-founded Gapoon, a Bengaluru-based home services startup; along with consumer industry veterans Kishore Seela, Bhavadeep Reddy, and Nachi Ramanathan. With their vast experiences from the respective fields, the founders aim to redefine urban living in India.

Click to comment

Leave a Reply

Your email address will not be published.

To Top