Tag Archives: funding

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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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.

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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.

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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.

Investments pour in for Edabba; plans 1,000 Trust Points in next 6 months

When best of retail ingredients are put together, what emerges is as strong as Edabba. Founded in April 2011, the omni-retailer, has raised a funding of Rs 4.5 crore ($ 1 Million) from CCube Angles, a Singapore-based investor. The company will use the latest round of funding to expand its edabba trust points to over 1,000 in the next six months.

With this investment, CCube Angles will buy a majority stake in Edabba, a name which dimnishes the lines between brick n mortar retail and e-retail.

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About Edabba:

Founded by the veterans from retail industry, Manoj Kumar, Saurabh B Chadha and Dinesh Paul, the model serves to uplift the neighbourhood retailers, who have been said to have a tough times with organised retail and e-retail capturing the Indian diaspora. With Edabba, nearly 400 brands have been taken to consumers by engaging their trusted neighbourhood retailer, Edabba appropriately calls them ‘Trust Points’. “Neither brick  nor click alone can service the aspiring customers of Bharat satisfactorily’, said Manoj Kumar, Co-Founder and CEO of Omnipresent Retail India Pvt Ltd.

Currently, Edabba has nearly 400 Trust Points across various cities beyond metros including Dehradun, Patna, Vizag, Jaipur, Goa, Ranchi, Ludhiana and Bikaner. To its accolade, within 22 months of operation,  Edabba has already touched approx 5 million potential customers in smaller towns who can ‘shop online’ with ‘complete trust’ through human interface without use of credit card and technology knowledge.