The company, which competes with the likes of Flipkart, Snapdeal and Amazon, also aims to increase its GMV to USD 1.2 billion by the end of March 2016.
The current funding would be used to expand its shopping services to over 50 cities in the country, increased online reach to customers and target a gross merchandise value of USD 1 billion.
Big data analytics firm Axtria on Wednesday said it has raised USD 30 million in a third strategic round of funding (series C), led by Helion Venture Partners with an investment of USD 15 million.
According to industry sources, the acquisition will help the Softbank-backed firm strengthen its analytics capabilities to help consumers and investors make informed decisions about real estate purchases.
Total income from operations stood at Rs 278.37 crore for the quarter under consideration as against Rs 283.04 crore for the same period year ago.
A week after withdrawing resignation, Housing.com Chief Executive Rahul Yadav today in a surprise move decided to allot all his personal holding in the company worth Rs 150-200 crore to the employees.
Founded in 2011, ShopClues does 1.5 million transactions per month with 70 percent of them coming from tier II and & III cities.
With year-on-year (YoY) growth at 150 percent, the company is in advanced talks with e-tailers like Amazon as it looks to raise more funds reports CNBC-TV18s Poornima Murali and Archana Shukla.
It is time for trend spotting with Kanwaljit Singh, Co-founder of Helion Venture Partners; USD 605 million early to mid stage venture fund.
Fashionara.com, the Bangalore-based online portal that offers premium fashion and lifestyle merchandise received capital funding from Helion Venture Partners and Lightspeed Venture Partners. The funds raised will be used to build the business. Sources in Fashionara said it would be seeking second and third round of funding.
It has been six years since Daksh, one of India’s fastest growing startups, was sold to IBM.
This week, Young Turks continues its focus on the food and beverage (F&B) business in India, which is attracting a funding frenzy from investors like never before.
In FY11, almost 33 deals got into USD 230 million and the pipeline continues to look strong. CNBC-TV18 puts the spot light on the Indian internet opportunity, and what it means for private equity and venture capital funds with some big venture capitalists.
HNI investor Sanjeev Aggarwal has alleged that another fraud has been perpetrated at Citibank, this time in its wealth management scheme. In a candid interview on CNBC-TV18, put his allegations in perspective.