Dusminute, a hyperlocal grocery store and managed services company, has raised INR 11.5 crore in a bridge round led by Inflection Point Ventures. The round also saw participation from existing investors such as angel investors and banker Bandana Kankani.
Founded in 2021 by Saurabh Singh and Aayush Gupta, Dusminute operates a network of dark stores in Bangalore. The company delivers groceries to customers within 15 minutes of placing an order.
Dusminute’s customers include working professionals, students, and families. The company plans to use the funds raised in the bridge round to expand its network of dark stores, grow its customer base, and hire more employees.
“We are excited to partner with Inflection Point Ventures and other investors,” said Saurabh Singh, co-founder and CEO of Dusminute. “This investment will help us accelerate our growth and reach more customers around Bangalore.”
Inflection Point Ventures’ managing partner, Madhukar Bhardwaj, said, “We are impressed by the team’s vision to build a one-stop shop for grocery needs in Bangalore. We believe that Dusminute has the potential to become a leading player in the hyperlocal grocery delivery market.”
Dusminute’s funding is a sign of the growing demand for hyperlocal grocery delivery services. The convenience of having groceries delivered to your doorstep is appealing to many consumers, and Dusminute is well-positioned to capitalize on this trend.