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.
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.