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    HomeNewsBusinessStartupCitykart, a value retail chain company, discusses Rs 340-crore round with A91 partners, TPG NewQuest

    Citykart, a value retail chain company, discusses Rs 340-crore round with A91 partners, TPG NewQuest

    Citykart was founded by Sudhanshu Agarwal, a former executive at Vishal Mega Mart which is now his company's primary competitor. Citykart is being valued at around Rs 1,350-Rs 1,500 crore during the ongoing round, sources told Moneycontrol.

    Chandra R Srikanth
    Tushar Goenka
    December 16, 2024 / 13:39 IST
    A 2X revenue multiple for Citykart is lower than the 4-5X multiple that Vishal Mega Mart will likely enjoy in the public markets.
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