Startups
Our Vision:
We are building an asset-light modern retail network of tech-enabled mid-sized grocery stores under the brand “GULLYMART”. We partner with unbranded mid-sized stand-alone stores that wish to become part of a modern retail chain to improve their income and automate their end-to-end operations.
We provide the store with an end-to-end tech-enabled solution consisting of exclusive supply, automatic and data-driven stock replenishment, increased sales, higher margin, superior fulfillment rates and access to credit.
Our Story:
Gully Network was founded by Ajay Nain and Prateek Chaturvedi, alumni of IIT Madras and IIM Ahmedabad. Both the founders had earlier worked in the FMCG & Pharma distribution space. They realized that stand-alone stores can never access the integrated retail-technology and higher margin of Modern Trade retail chains. Hence they took a comprehensive approach to solve their pain points in totality by making them part of a fully tech-enabled Modern retail chain.
We are backed by Orios Venture Partners, Venture Catalysts, Inflection Point Ventures. We are also recognized by Flipkart under their first cohort. We have raised a total of $2M.
We are building an asset-light modern retail network of tech-enabled mid-sized grocery stores under the brand “GULLYMART”. We partner with unbranded mid-sized stand-alone stores that wish to become part of a modern retail chain to improve their income and automate their end-to-end operations.
We provide the store with an end-to-end tech-enabled solution consisting of exclusive supply, automatic and data-driven stock replenishment, increased sales, higher margin, superior fulfillment rates and access to credit.
Our Story:
Gully Network was founded by Ajay Nain and Prateek Chaturvedi, alumni of IIT Madras and IIM Ahmedabad. Both the founders had earlier worked in the FMCG & Pharma distribution space. They realized that stand-alone stores can never access the integrated retail-technology and higher margin of Modern Trade retail chains. Hence they took a comprehensive approach to solve their pain points in totality by making them part of a fully tech-enabled Modern retail chain.
We are backed by Orios Venture Partners, Venture Catalysts, Inflection Point Ventures. We are also recognized by Flipkart under their first cohort. We have raised a total of $2M.
Overview
Location
India, Karnataka, Bengaluru
Employees
11-50
Founded date
2019
Mentions in press and media 5
| Date | Title | Description |
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| Nov 5, 2020 | [Funding alert] Grocery tech startup Gully Network raises $1.2M pre-Series A round led by Venture Catalysts | Tech-enabled chain for small and medium grocery stores, Gully Network Retail has announced the closure of its pre-Series A of $1.2 million from Venture Catalysts, Inflection Point Ventures, and DFAN. The startup earlier raised its seed roun... |
| Nov 27, 2019 | Gully Network Retail raises Rs 5 crore in seed funding | Gully Network Retail, a tech-enabled chain of small-format kirana stores, has raised Rs 5 crore in seed funding from Orios Venture Partners. Orios is one of India’s leading seed-stage venture capital fund. Gully Network develops a tech-enab... |
| Funding Galore: Indian Startup Funding Of The Week [August 3- 8] | Infocus Funding Galore Every week, more than a dozen startup secure funding and many get acquired. In this weekly series, we bring the latest deals from the Indian startup ecosystem consolidated at a single page. We bring to you the latest ... | |
| Meet The 9 Startups From Orios Venture’s Third Cohort Of Misfits | Early-stage venture capital firm Orios Venture Partners’ has finally announced the third cohort of its seed-stage acceleration programme Misfits. The two-year-old Misfits accelerator offers mentorship and funding between $500K to $1.5 Mn to... |
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FAQ about Gully Network Retail
When was Gully Network Retail founded?
Gully Network Retail was founded in 2019.
What has the press written about Gully Network Retail?
Parsers VC has collected 5 articles mentioning Gully Network Retail, among them “[Funding alert] Grocery tech startup Gully Network raises $1.2M pre-Series A round led by Venture Catalysts” (Nov 5, 2020) and “Gully Network Retail raises Rs 5 crore in seed funding” (Nov 27, 2019).
Is Gully Network Retail still active?
Yes, Gully Network Retail is active; its latest activity on Parsers VC dates from Oct 21, 2021.