YCloset has raised a $20 million, led by Pan-Lin Asset Management Co Ltd.
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Spoyl has acqui-hired online store Revamp My Closet while auto insurance startup RenewBuy and Bangalore-based Tapchief have raised funding. Spoyl has acqui-hired online store Revamp My Closet Spoyl, a mobile-only community marketplace where women can unlock the value in their closets and build their dream closet economically, has acqui-hired Revamp… Read more »
Gujarat-based sanitary products making company Cera Sanitaryware Ltd has entered into a joint venture agreement with Anjani Tiles Ltd for setting up a tiles manufacturing plant requiring an investment of $10.5 million in Andhra Pradesh, according to a stock market disclosure. The project, which will start in April 2016, will… Read more »
Luxury fashion marketplace StyleTribute has concluded a $1.1 million Series A investment that saw participation from a European family office and private individuals. This brings aggregate equity financing raised to $1.4 million, following a seed round in June 2014.
Coutloot (MJVS Fashion Services Pvt. Ltd), an online platform that sells pre-owned fashion, has acquired Bangalore-based competitor Once Again Store (Stororo Services Pvt. Ltd) for an undisclosed amount in an all-stock deal, said a senior company executive, signalling early consolidation in a sector that has spawned success stories such as… Read more »
Westbridge Capital had bought around 9 per cent stake in the company for Rs 50 crore during 2013 to 2014. In Thursday’s sale, it divested little over 2 per cent stake in the company and its remaining holding is worth Rs 120 crore.
Online apparel rental start-up Klozee has shut shop within six months of raising its maiden round of funding, after it failed to gain scale, signalling a stress in the pre-owned apparel sale and rental segment, which has seen success stories such as Poshmark and Rent the Runway in the US… Read more »
The Indian consumer sector is coming of age with as many as 15-20 million internet users transacting online. As a result, India’s vibrant e-commerce startup space is witnessing a huge traction as far as funding is concerned. Bus and cab ticket booking platform YatraGenie has raised fresh funds to expand its… Read more »
Latize has closed a growth investment of $1.5 million in a round led by Tembusu Partners while fashion trading platform refash has closed a U$294,000 seed investment in a round led by Tri5 Ventures.
Times Internet-led startup TLabs, a startup accelerator and early stage seedfund, has announced its eight batch of start-ups that kicked-off in August this year, according to a statement. The new batch, consisting of eight start-ups, takes TLabs’ total portfolio size to 50 companies since its inception four years ago. “Most… Read more »