Chaldal secures another round of investment of $10 Million
Chaldal, the largest online grocery store in Bangladesh, has recently raised $10 million in its Series C round. The investment was led by Taavet Hinrikus, Co-founder, Wise; Sten Tamkivi, Chief Product Officer, Topia; and Xploration Capital, with participation from Mir Group.
Founded in 2013 by Waseem Alim, Tejas Viswanath, and Zia Ashraf, Chaldal initially operated by picking up orders from local retail stores and then delivering those to customers.
Currently, Chaldal boasts 27 warehouses operating in the major cities of Dhaka, Chittagong, Narayanganj, and Jessore. It works directly with wholesalers and farmers, and big manufacturers like Unilever.
An alum of the Y combinator and 500 Startups, Chaldal claims over the past one year, it has delivered over 2.5 million orders, earning $40 million in revenue, and grew by 120% year-over-year.