India, May 26 -- B2B quick commerce platform Fairdeal.Market has raised $15 Mn (Rs.142.8 Cr) in its Series A round led by Bertelsmann India Investments (BII). The round also saw participation from WaterBridge Ventures and Incubate Asia Fund.

The startup plans to use the fresh funds to scale its dark store operations, strengthen its retailer network and expand last-mile delivery capabilities. A chunk of the capital will also be utilised to bolster its tech stack and data infrastructure.

In a statement, Fairdeal said that the funding will be utilised to accelerate its expansion into new metro cities across India and scale its retailer network to over 1 Lakh retailers during the ongoing fiscal year (FY27).

Founded in 2022 by siblings Prat...