Community ecommerce startup CityMall raises $47 million at flat valuation

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.

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