{"id":1020124,"date":"2026-07-11T08:29:30","date_gmt":"2026-07-11T02:59:30","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1020124"},"modified":"2026-07-11T08:46:43","modified_gmt":"2026-07-11T03:16:43","slug":"grocery-chain-sumosave-retail-raises-rs-50-crore-led-by-12-flags","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/07\/11\/grocery-chain-sumosave-retail-raises-rs-50-crore-led-by-12-flags\/","title":{"rendered":"Grocery chain Sumosave Retail raises Rs 50 crore led by 12 Flags"},"content":{"rendered":"<p>Grocery supermarket chain Sumosave Retail Ventures has raised Rs 50 crore in a pre-series B round led by consumer-focussed investment firm 12 Flags Group, with Stride Ventures providing venture debt as the company looks to expand its store network. <\/p>\n<p>Founded in 2022, Sumosave had previously raised $3.3 million from Lightspeed and angel investors. The firm operates company-owned neighbourhood supermarkets across east and north India, catering largely to middle and lower-middle-income consumers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Grocery supermarket chain Sumosave Retail Ventures has raised Rs 50 crore in a pre-series B round led by consumer-focussed investment firm 12 Flags Group, with Stride Ventures providing venture debt as the company looks to expand its store network. Founded in 2022, Sumosave had previously raised $3.3 million from Lightspeed and angel investors. The firm operates company-owned neighbourhood supermarkets across east and north India, catering largely to middle and lower-middle-income consumers.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1020124","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1020124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1020124"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1020124\/revisions"}],"predecessor-version":[{"id":1020149,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1020124\/revisions\/1020149"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1020124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1020124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1020124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}