Archive · 24 Jul 2025
SuperK Secures ₹100 Crore in Funding Round
SuperK, a company that sells groceries and other household items in small towns in India, just got a big investment of ₹100 crore.
Investors include Binny Bansal and cricketer Shubman Gill.
The company will use the money to open more stores and hire more people.
They're trying to make it easier for people in smaller towns to buy what they need.
SuperK currently has stores in Andhra Pradesh and plans to expand to more towns in the region.
They also have their own technology to help run the stores.
SuperK, a value-first retail chain, raised ₹100 crore in Series B funding.
Binny Bansal, Mithun Sancheti, and Shubman Gill co-led the funding round.
The funding will expand SuperK's operations and hiring.
SuperK aims to expand into 300 more towns in South India.
The company operates 130+ franchisee-run stores across Andhra Pradesh.
- Who
- SuperK, led by co-founders Anil Thontepu and Neeraj Menta, raised funds from Binny Bansal, Mithun Sancheti, and others.
- What
- SuperK raised ₹100 crore in Series B funding.
- When
- Published on July 24, 2025
- Where
- India, with expansion plans across Andhra Pradesh, Telangana, and Karnataka.
- Why
- To expand its operations, hire talent, and increase its presence in small towns.
SuperK's Goals
Investor's Perspective
Market Approach
SuperK's Goals
Expand operations and compete in the grocery market
Investor's Perspective
Underserved market opportunity and tech-enabled retail
- Company
- SuperK
- Funding Amount
- ₹100 crore
- Funding Round
- Series B
- Lead Investors
- Binny Bansal, Mithun Sancheti, Shubman Gill
- Existing Investors
- Blume Ventures, Xeed Ventures
- Co-Founders
- Anil Thontepu, Neeraj Menta
- Current Stores
- 130+ across 80 towns in AP