BENGALURU: Jupiter Capital-backed online hypermarket Urdoorstep .com has raised a bridge round of Rs 3 crore from CP Murali, former president and chief operating officer of telecom software-maker Aricent Technologies. The company had raised $4 million from Rajeev Chandrashekhar-backed Jupiter Capital in 2015 and plans to raise a Series A round ahead of its nation-wide expansion. The company incorporated in October, 2015, plans to cover 92 pincodes for Bengaluru city over the coming two months and aims to have a pan-India presence in the next six months. The startup sources fresh produce from a network of 9,000 farmers it works with and claims to have average ticket size of Rs 1,200 per transaction. For food and essentials, digital channel is a game-changer," says Dinesh Malpani , founder of UrDoorstep.com who was previously associated with Mahindra Retail.

Source: Economic Times July 21, 2016 19:25 UTC