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.
After launching a successful app two months ago for Android (Google Play), Flipkart launches iOS (Apple) app. Looking at the growing user base of Apple/iPhone users, this app will surely prove helpful for consumers.
Flipkart, which has been in news for raising a huge sum of money in past few months, has been working towards creating a stronger reach to Indian consumers through the marketplace model.
The app will allow users to place and track orders, along with sharing product display listing with friends and also access Flipkart browsing history offline.
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 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 $360 million. The amount is has been raised to drive, build and strengthen technology and accelerate its supply chain.
Arisaig India Fund has further acquired 2.36 per cent additional stake in Tata’s retail arm, Trent. This acquisition takes the total stake of Arisaig in Trent to 9.88 per cent. The deal has been struck at a price of Rs 116.2 crore.
Under the deal Arisaig bought 12 lakh in Trent.
Arisaig has also invested in companies including Westlife Development, the McDonald’s franchisee.
When best of retail ingredients are put together, what emerges is as strong as Edabba. Founded in April 2011, the omni-retailer, has raised a funding of Rs 4.5 crore ($ 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.
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.