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.
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.
The ethnic women’s wear brand, Biba Apparels, raises Rs 300 crore funds. The investment has been made by private equity firms Warburg Pincus and Faering Capital .
“The investment includes a primary fund raise and provides an exit to the existing investor, Future Lifestyle Fashions Ltd. The transaction is the largest private equity investment in the Indian ethnic wear market,” Biba said in a statement.
Arvind Nair, CEO of one of India’s leading South Indian cuisine chain, Sagar Ratna, has put in his papers. Sagar Ratna was operating under its investors India Equity Partners and Nair has quit due to tussle between investors and promoters.
Nair will be holding the post only until end of December 2013. According to promoters the investors have not been living upto their claims of building Sagar Ratna as a brand. While the investors claim that the promoter, Jayram Banan, has voilated the contract by opening a hotel chain, Shri Ratnam, thus destroying Sagar Ratna’s brand value.
Pic Courtesy: SoDelhi.com
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.
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.
The India based restaurant listing company, Zomato, has raised $37 million funds from Sequoia Capital as it expands its presence across Europe, South-East Asia, Australia and the America.
Zomato has been going places and now has launched websites in local dialects in areas including Jakarta (in Indonesian), Istanbul (in Turkish), and Sao Paolo (in Portuguese). Moreover, they have also opened operations in Durban, South Africa and Glasgow and Edinburgh in Scotland.
Zomato has till date raised $53.5 million funds.
The online bus ticketing site, TicketGoose, has raised $2.9 million (Rs 18 crores) to expand its business across the India territory.
Currently TicketGoose covers 700 bus operators across 10,000 routes that go to 4,500 destinations across southern India. The player has a strong presence across Tamil Nadu.
In 2012, the startup was doing 4,000 – 5,000 tickets a day which helped them earn $8.19 million in sales revenue in that year. And now, for 2013 the aim is to take that number to $20.5 million.
The multi-channel retail company, HomeShop18 has raised $14 million in a follow-on funding round from G S Home Shopping, funds managed by OCP Asia and Network18.
Owned by Network 18, the company statement says, GS will invest $11 Million; OCP Asia
& Network18 will invest the remaining amount. The transaction values HomeShop18 at $360 Million.
Network18 will remain the majority shareholder (51 per cent) in HomeShop18. SAIF Partners, GS Home Shopping and OCP Asia are the other existing investors at Hom
eShop18. GS is the third largest Home Shopping company in the world and the market leader in Korea. Continue reading $14 million funding pours in for HomeShop18
The French luxury cosmetics retailer, Sephora, is reported to soon end its ties with Genesis Colors, as LVMH owned L Capital plans to exit Genesis Colors. Sephora is in talks with DLF Brands for partnering in India.
It was in late September this year that L Capital had asked Genesis Colors to buy out its 40 per cent stake in Genesis Luxury or sell the marketing arm altogether. Genesis Luxury holds brands including Jimmy Choo, Giorgio Armani and others.
Infact, Genesis has been asked to get its accounts audited by the ‘Big Four’ audit companies in the country.
The e-commerce player, whose future looked bleak, a few months back, gives it back by raising another huge amount of funding. This time Flipkart, one of India‘s largest marketplace, has raised $160 million from from private equity investors. The investors include Dragoneer Investment Group, Morgan Stanley Investment Management, Sofina , Vulcan Capital and Tiger Global. (The investment is surely more than what was expected, like we reported.)
This takes the total amount raised by Flipkart, this year, to $360 million. The amount is has been raised to drive, build and strengthen technology and accelerate its supply chain.