Tag Archives: Funds

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.

Shopify-bag-and-logotype

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

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.

Zomato raises $37 million; launches local dialect listing in Indonesia, Turkey & Brazil

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.

zomato

TicketGoose raises $2.9 million to expand operations in India

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.

Flipkart flips in $160 million funds

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.

 

AND Designs plans 15 international retail stores; to raise Rs 100 crore

The Anita Dongre designer brand, AND Designs, aims to expand its presence globally by offloading 33 per cent stake to an international PE investor.

The brand is in talks with global PE fund company which will help the brand to get hold of the bandwidth to let the brand explore new international market. The stake sale will get the company an investment of Rs 100 crore.

General Atlantic is also in the race to invest in the company.

Talking about international retail plans, the brand wants to starts by expanding into GCC and South Eastern Nations. Though the brand already has a store in Mauritius, in next 2-3 years the aim is to have 15 stores in new markets including GCC nations, UK and US.

Khadim raises Rs 90 crore funds from Reliance Equity

The footwear brand, Khadim India, with its expansion plan in place, has raised Rs 90 crore from Reliance Equity. The funds will be utilised towards the brand expansion and also getting over with its existing debts.

The money infused will be locked in for three years, post which the brand will go for an IPO. Currently, the company has issued compulsorily convertible debentures worth Rs 90 crore to Reliance Equity which will be converted into equity shares by end of this fiscal.

Khadim’s 90 per cent business is footwear while they also run four gold jewellery retail stores in the name of Sona Khazana.

Arisaig Partners invests $30 million in McDonald’s franchisee Westlife

Aimed at investing in the listed consumer service business in emerging market, Arisaig Partners this time finds potential in India’s McDonald’s franchisee Westlife. The investment management company has invested $30 million and picked up 3.5 per cent stake in the company that handles South West franchisee of McDonalds in India.

The BSE listed Westlife has been valued a bit over Rs 5000 and the fund will be allotted 5.4 million shares at Rs 333.05 a piece, Westlife said in a statement. These funds will be utilised for company’s medium term strategies to add another 100 stores in the next two years.