Daily Archives: December 15, 2013

Shopify secures $100 mln Series C funding

The ecommerce platform provider, Shopify, has raised $100 million in Series C funding round. The funds have come in from OMERS Ventures and Insight Venture Partners along with existing investors Bessemer Venture Partners, FirstMark Capital, Georgian Partners and Felicis Ventures.

The funding will be utilised to let the company work towards its plans to expand focus on offline retail world as well. Shopify is aiming to introduce a unique product that will fuse the offline world with the online world.

Keeping the offline retail world, the company earlier this year had launched a point-of-sale system and Square-style mobile card reader. These products were to synchronise the in-store and online inventory, process and accept credit cards, and generate sales reports.

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Anchor Lighting sets up LED Lighting Experience Centre

One of India’s leading lighting solution manufacturer, Anchor Lighting, has unveiled its first state-of-the-art LED lighting showroom in Mumbai. The ‘touch and feel’ experience store houses a wide variety of home decorative lighting concepts and solutions.

With an in-house simulation room, customers will be able to view the lighting effects of various kinds of lighting fixtures and installation options in different settings. The showroom brings alive, ample possibilities of LED lighting and helps customers understand how the integrated lighting solution works in a given home environment. It will also have a comprehensive range of lighting solutions for the entire home. The 47 new models that will be available at the showroom include Large Ceiling Light, Compact Ceiling Light, Chandelling (chandelier-like decorative ceiling light), Down-light, Line Light and Wall bracket models.

Speaking on the launch, Makoto Kitano, Director of Lighting Business Division and Vice President of Eco Solutions Company said, “Driven by our commitment to the Indian consumer and the local market, this new LED lighting experience centre will help us serve our customers better with our best-in-the-class products. It will encompass our overall approach to impeccable quality assurance, demonstrating the importance of stylish, carefully-crafted lighting in the daily lives of our consumers.” He further added, “Anchor contributes significantly to Panasonic overall turnover and we are hoping to drive increment in the market share from this segment in the coming years.”

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Zivame raises $6 mln

India’s niche ecommerce player, Zivame, raises $6 million funding from Unilazer Ventures.

A Ronnie Screwvala‘s funding firm, Unilazer is investing most of the money along with other participating investors. The funds will be utilised to up the marketing and also upgrade the platform to make it more personalised for consumers.

Zivame is India’s leading name in online retail of lingerie and sleepwear for women. The e-retailer also recently ventured in fast fashion products.

zivame