Social E-commerce platform CityMall raises $3 Mn from Elevation Capital


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Indian social e-commerce venture CityMall has raised $3 Mn in a seed funding round led by Elevation Capital (formerly SAIF Partners). The round also saw participation from Waterbridge Ventures, Arun Tadanki’s private syndicate on LetsVenture. The funds would be used for building a robust network of CityMall ‘Community Leaders’ and expand its supply chain tailored for smaller tier III and IV cities in India.