India-based retail store development startup 91Squarefeet raises $10 million

Oluwajuwonlo Afolabi -

91Squarefeet, an India-based retail store development company has raised 10 million in its Series A funding round led by Stellaris Venture Partners, with participation from Y Combinator, Betatron, and business angels.

  • The raised funds will be used to strengthen 91Squarefeet's on-ground serve muscle, and product development, and widen its engagements with its suppliers' network, the company claims.
  • Founded in 2019, 91Squarefeet deals in tech-enabled retail expansion. It enables retailers to set up new stores and maintain the existing ones seamlessly. It has worked on 700 plus projects with over 40 retailers including Reliance Retail and Tata Group, it claims.
  • It has a network of 700 suppliers across specializations such as retail fit-outs, branding and décor, and civil work in 180 cities. It aims to work on 2,000 retail stores in FY23, developing a 20% retail expansion in major markets.
  • 91Squarefeet last raised $1 million in pre-seed in January from Omphalos Ventures, Nikhil Vora, and others. It participated in Y Combinator's accelerator Winter batch 2022.