Indian Grocery Startup Apna Mart Cuts 10% of Workforce After Funding Round

According to The Economic Times, Indian grocery delivery startup Apna Mart recently cut about 10% of its workforce, affecting 35 to 40 employees, amid AI-led automation and a headquarters shift from Bengaluru to Gurugram. The company said affected employees would receive severance equal to two months of salary.

Apna Mart attributed some layoffs to roles no longer needed as AI now handles that work, while other employees were unable to relocate. The restructuring follows a 2.1 billion rupees (US$25 million) funding round that valued the company at approximately 7.4 billion rupees (US$77.6 million). Founded by Abhishek Singh and Chetan Garg, Apna Mart operates an omnichannel grocery business across 10 cities in eastern and central India.