Gurugram, August 30, 2026: Early Indian e-grocery startup Satvacart has shut down after 12 years of operations, closing a chapter that began well before quick commerce transformed the country’s online grocery market. The startup ceased operations on August 28, with founder Rahul H. Saxena confirming that the company’s team had been disbanded. The shutdown follows … Read more
Satvacart, an online grocery delivery service, has closed a pre-Series A round of funding led by Kuldeep Puri, Shailendra Kumar, Siddhartha Garg, Madhu Sudana Rao Kalagarla, and Sirinivas Kotta. In the following 18 months, the corporation wants to use the capital to build 100 clusters in Mumbai, Bangalore, and Noida. Satvacart is an online grocery company founded in 2014 by Deepika and Rahul that sells 5000 goods using an inventory-driven business strategy. The company is now solely active in Gurgaon, where it operates its own computerised dark stores in densely populated regions. Entrepreneur News Network Bureauentrepreneurnewsnetwork.com
