Daily Archives: November 21, 2013

Koovs to go public next year; aims to raise GBP 22 Mn

The multi-brand lifestyle online retailer, Koovs, has announced its plans to go public next year and get listed on the Aim, a sub-market of London Stock Exchange.

Koovs had recently brought on-board Asos ex-chairman Lord Waheed Alli and Robert Bready as Chairman and Creative & Retail Director, respectively.

Through the listing, Anant Nahata, the founder of Koovs, plans to raise GBP 22 million for the company. Nahata will be floating 35 per cent shares in the market and the rest will be divided among Nahata, Lord Alli and other management.

koovs

The site which started business as a deal site, in 2012 became a full-fledged online retail store, selling a wide array of lifestyle brands focused on women. Though the company soon plans to expand offerings to menswear as well.

JustEat raises third round of funding

JustEat.in, the Bangalore based food odering and table reservation venture, has raised third round funding. Though the company puts the amount as disclosed, but ensures it being the largest so far for them.

The funding led by JustEat Holdings, Forum Synergies and Axon Partners Group, will allow the venture to expand the team size, build a stronger network, accelerate growth and expand further in metros.

TxtWeb

With the money raised, Forum Synergies and Axon Partners Group have bought a minority stake in the company, while the majority remain with UK-based Just Eat Holdings Ltd.

JustEat.in currently operates in Bangalore, Delhi (National Capital Region) and Mumbai, signed with 2,500 restaurants and 3 lakh registered users.