The companies right now in the world are humming around a single authentic point, accessibility of 24 hours a day! Times are gone, wherein customer didn’t expect doorstep delivery of orders, aside from simply the milkman directly in the morning. The players like Big Basket, Grofers, and another day by day food supplies are currently changing the game and how!
The main point in reality actually stays the time, the hour of these deliveries is still fixed and the business modules of these corporations limit them to really go past the idea of “Anytime Delivery Of Groceries“.
Despite the fact that the times are changing in that field as well, the accessibility of these essential food supplies 24×7 has been very much acknowledged by many, from 24×7 to In&Out, and now one the latest player being AMPM Store!
AMPM Store which is founded by Mr Shubham Gupta, a boy from Karnal who is going to be Next Business Tycoon in India.
The AMPM stores give Indian and worldwide items across sections like grocery, pastry shop, ice cream parlour, stationery, pharmacy, and F&B (food and drinks).
General store start-up AMPM, which expects to be India’s response to 7-Eleven, has raised INR 16 million financings. With current outlets across 5 cities in Haryana, the business has raised this funding through Agility Venture Partners, a private investor platform.
The Founder and Managing Director of AMPM also said that” We’re exhilarated! The initial funding agreement was only for INR 10 million, but we saw an over-subscription of INR 6 million, this support and confidence has made us more optimistic about our success in the coming years”
This team of investors also includes Mr Vineet Gupta, a Successful business entrepreneur himself, taking up the part of a guide and lead financial investor in AMPM.
Agility Venture Partners, a New Delhi-based financial investor fund, has plans to put resources into 30 new businesses across 2021 and achieve its investment reserve by September. Sponsored by a gathering of 440 financial investors across five parts in India and Dubai the funds has raised about INR 70 million for brands like Power Gummies, Vanity Wagon, CivilCops and all the more prior.
The Co-Founder of Agility Venture Partner, Mr Prashant Narang said “We are happy that our efforts have aided AMPM to find a corpus of INR 16 million, with an actual valuation of INR 66 million. We hope we can power many other brands this year to find the fuel for their billion-dollar dreams”
While talking about the business with Mr Shubham Gupta that how he visualized AMPM as a general store chain across Haryana, he further explained that “ The AMPM store will provide Indian and global products across categories like grocery, bakery, confectionery, stationery, pharmacy and F&B. We are having a 24hours live kitchen cafe with a sit-out, moreover 24hours delivery is also available.”
He further added that currently, they have their store in 5 cities across Haryana including Karnal, Panipat, Yamunanagar and Gurugram. He also aims to expand its business across more than 10 cities before 2022 and 15+ outlet across Northern India by the end of 2022.