Grocery store

The company expands with the goal of establishing a presence in every locality and eventually venturing into Tier 2 cities across southern regions.

In previous raises, the company had raised $3 million in a pre-series A funding from Unilever ventures and others in January 2018.

Avenue Supermarts (D-Mart) on Saturday reported 72.9 per cent year-on-year (YoY) rise in net profit at Rs 167 crore for the March quarter.

The Company reported Net Profit of Rs. 167 crore for Q4FY18, as compared to Rs. 97 crore in the corresponding quarter of last year.