Frendy raises Rs 10 cr in pre-Series A round

Frendy, a Gujarat-based community group purchasing platform, has raised Rs 10 crore in pre-Series A funding from Pavitar Singh, Abhishek Khurana, and the Desai family office.

Frendy, which is run by Areli Commerce Pvt Ltd, was launched in 2019 by Sameer Gandotra, who got his start with Nebula, a social commerce-based affordable home developer. Through neighbourhood homepreneurs, the network gives discounts on groceries and other daily needs-related commodities to tier two-tier six towns.

The Gujarat-based firm, which operates in more than 20 towns throughout the state, is growing at a 30% monthly rate and expects to reach an ARR of Rs300 crore by the end of the next financial year. To date, the startup has grown to 3,000 Frendy Partners and 3,000 items.

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