Hyperlocal e-grocery startup Dusminute raises $1.4M funding

Dusminute, a hyperlocal grocery store and managed services startup, has raised $1.4 million in a bridge round of funding.

The funding was led by Inflection Point Ventures (IPV), with participation from existing investors and angels.

The funds will be utilized to drive Dusminute’s growth in Bangalore.
Founded by Apoorva Mishra, Ankita Asai, and Nikhil Gupta, Dusminute is building a brand catering to the grocery needs of affluent and elite residents in gated communities. It differentiates itself from traditional quick-commerce and e-commerce players by addressing key limitations such as product quality, delivery time issues, and unit economics.

The startup serves as a crucial third layer, providing a hyperlocal omnichannel platform for daily essentials and groceries specifically tailored to the needs of these communities.

Dusminute plans to expand its operations to the top seven to eight cities in India.

Apoorva Mishra, CEO, of Dusminute, said, “Omnichannel is the future of retail and it’s here already. Dusminute redefines both the offline and online experience for its consumers. This investment will help us to scale up in Bangalore and turn operationally profitable within the coming months. We want to capture a key market like Bangalore, build a profitable business and then enter newer markets in India.”