Myonsto.com bags Rs 2 crore in angel funding Oswal Industries’ director Jayant Bokadia

AHMEDABAD: Egrocery startup Myonsto. com has raised Rs 2 crore in angel funding from Oswal Industries’ Director Jayant Bokadia. The Ahmedabad-based company plans to deploy the funds in upgrading technology and for expansion in Gujarat. Launched in March, Myonsto offers about 7,000 products across grocery, fruits, vegetables, beverages and personal care.

The company is clocking average monthly revenue between Rs 1.5 lakh and Rs 2 lakh. “We are currently making a gross profit of 12-15% on an average,” said Sahil Dalal, the 24-year-old founder of Myonsto, which is the first egrocery store in Ahmedabad. Last month, Gurgaon-based Grofers launched operations in Ahmedabad.“Other egrocery players are working on a pizza delivery format—they try to deliver the product at the quickest possible time. We are not,” said Dalal. “We focus on the quality of the products and services offered to the customers, rather turning ourselves into express delivery providers.”