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Community ecommerce startup CityMall, which caters to non-metro consumers, has raised $47 million in a funding round led by Silicon Valley-based venture capital firm Accel.
The round, which was a mix of equity and debt, also saw participation from other existing investors, including Waterbridge Ventures, Citius, General Catalyst, Elevation Capital, Norwest Venture Partners, and Jungle Ventures.
Cofounder and chief executive Angad Kikla said that $41 million of the funding came through equity, with the remaining amount raised as debt. After this…
