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Solgram raises over $1 million in pre-seed round, targets 25 pc share of premium grocery market by 2030

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Solgram raises over $1 million in pre-seed round, targets 25 pc share of premium grocery market by 2030

Solgram raises over $1 million in pre-seed round, targets 25 pc share of premium grocery market by 2030

Solgram, founded by Shashank Shekhar Sharma, has recently raised over $1 million in pre-seed funding. The grocery platform focuses on building a cold-chain-led grocery business and targeting key metro markets. It operates across more than 14 categories and aims to capture 25 percent of its market by 2030. Solgram plans to expand within Delhi-NCR before entering other major cities in India.

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Solgram , a premium grocery platform founded by former Zepto Cafe executive Shashank Shekhar Sharma , has raised over $1 million in a pre-seed funding round led by DSG Consumer Partners and Saama Capital , with participation from hospitality entrepreneur Kapil Chopra , as it looks to build a cold-chain-led grocery business and capture 25 per cent of its target market by 2030.

The round closed within a quarter of the company's launch in Gurugram. The capital will be deployed towards expanding its temperature-controlled supply chain , strengthening technology, deepening sourcing partnerships and scaling operations across NCR, before entering other key markets.

Sharma said he initially bootstrapped the business with approximately Rs 3 crore from personal savings before bringing in institutional investors.

“I understood the market and liquidity dynamics. Instead of trying to raise capital first, I decided that if the idea was solid, I should build it myself,” Sharma told ETRetail.



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