New Delhi-based convenience store start-up AMPM on Tuesday 2 March 2021 has raised total funding of INR 16 million funding through angel investor platform Agility Venture Partners. Agility Venture Partners is a New Delhi-based angel investor platform that is backed by a group of 440 investors across five chapters in India and Dubai. Agility Ventures Partners has planned to invest in 30 start-ups across 2021.

Shubham Gupta, Founder and Managing Director of the AMPM store, said that “The initial funding agreement was only for INR 10 million, but we saw an over-subscription of ₹6 million, and this support and confidence has made us more optimistic about our success in the coming years.”

“Right now, the AMPM convenience store is in four cities — Gurugram, Karnal, Panipat, and Yamunanagar. And we aim to expand it to 10 cities by the end of the year 2021. With at least 15 live stores across northern India, we will expand to more than 15 cities by the next year,” he added. Prashant Narang, the co-founder of Agility Venture Partners, said that the funding values the AMPM convenience store at INR 66 Million.

About AMPM Convenience Store:

AMPM, the convenience store, aims to be the solution to be India’s 7-Eleven. The AMPM convenience store will provide Indian and Global products like Bakery, Confectionery, Stationary, Pharmacy, Grocery, and F&B(Food and Beverages). The AMPM convenience store has 24 hours live kitchen cafe along with a sit-out. Additionally, The AMPM convenience store provides 24 Hours free delivery across Karnal, Panipat, and Gurugram.