[Funding] Gully Network receives pre-Series A fund $1.2 Mn led by Venture Catalysts
New Delhi, Nov. 6 -- Gully Network Retail Pvt Ltd is a retail-tech startup focussed on providing a full stack of services to mid-sized stores. The startup has raised $1.2 million (Rs 8.9 crore) in a pre-Series A funding round. The round in Bengaluru-based Gully Network has been led by startup incubator and accelerator Venture Catalysts, marking the platform's latest bet this year. Other participants include Inflection Point (IP) Ventures - which has also been active this year - and DFAN (Digital Futurists Angels Network).
The company will use this capital to scale its presence to at least 100 stores, its co-founder said. It is also planning to open new income streams for itself and its retail partners. In November last year, Gully Networ...
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