Kolkata-Based Sumosave Raises ₹50 Crore in Pre-Series B Round, Targets 500 Stores by 2030

Share
Link copied
Article cover image for "Kolkata-Based Sumosave Raises ₹50 Crore in Pre-Series B Round, Targets 500 Stores by 2030"
Sat, Jul 11, 01:49 PM IST • 2 min read

Kolkata-based neighbourhood supermarket chain Sumosave has raised ₹50 crore in a Pre-Series B funding round led by 12 Flags Group, with Stride Ventures providing a venture debt facility. The fresh capital will be used to expand the company's retail footprint, strengthen its supply chain, and accelerate its long-term growth plans.

Founded in 2022, Sumosave Retail Ventures has emerged as one of the fastest-growing value-focused grocery retailers in eastern India. The company operates an omni-channel network of Company-Owned, Company-Operated (COCO) supermarkets, serving middle and lower-middle-income households with affordable food and grocery products.

The latest funding round was led by 12 Flags Group, the consumer-focused investment firm headed by Rakesh Kapoor, former Global CEO of Reckitt Benckiser. Stride Ventures participated by providing a venture debt facility. Prior to this round, Sumosave had also raised funding from Lightspeed and a group of angel investors.

Sumosave aims to redefine neighbourhood grocery shopping through its vision of building "Bharat ki nayi modern Ration ki Dukaan." The company combines the convenience of modern retail with value pricing, catering to consumers across East and North India.

According to the company, the newly raised capital will primarily be deployed to expand its supermarket network, strengthen its supply chain infrastructure, and build a stronger leadership team. Sumosave has set an ambitious target of operating 500 stores by 2030, significantly expanding its presence in the organised grocery retail sector.

The funding marks another important milestone for Kolkata's startup ecosystem, highlighting the city's growing ability to build scalable consumer businesses that are attracting institutional investors. As organised retail continues to expand across India, Sumosave is positioning itself to capture the increasing demand for affordable, technology-enabled neighbourhood supermarkets.

With fresh capital, an expanding leadership team, and a clear long-term growth strategy, Sumosave is well placed to strengthen its presence in eastern India while scaling its operations across the country.