Search Results for:Priyanka Sahay
This is the fifth-largest deal ever in the Indian start-up business and is expected to give an attractive exit to Citrus Pay investors, Ascent Capital and Beenos and Sequoia Capital, in particular.
Lenskart was founded in 2010. It is into assembling, manufacturing, wholesale distribution and supply of eyewear products such as eyeglasses, power sunglasses and contact lenses.
In June, the Bengaluru-based company also announced the acquisition of three other start-ups in the fashion space—Zohraa, Styl and Picksilk—to enter the premium e-commerce segment.
In May, Mobikwik had announced that it was gearing up to raise $50m in its Series C round and had raised an undisclosed amount from Japan’s payment gateway GMO and Taiwan’s semi-conductor company MediaTek.
In February this year, Snapdeal announced it was raising $200 million in fresh funds from Ontario Teachers’ Pension Plan and funds advised by venture capital firm Iron Pillar.
Freecharge founders Kunal Shah and Sandeep Tandon, and Dheeraj Jain, partner at UK-based hedge fund Redcliffe Capital, ah!Ventures and Rohit Chokhani of White Unicorn Ventures were among the other investors who participated in the round.
Rahul Khanna, managing partner of venture debt fund Trifecta Capital; Jaspreet Bindra, head of e-commerce at Mahindra & Mahindra; Arjun Malhotra and Rohan Malhotra of Investopad; Sidharth Rao, co-founder of WebChutney and US-based angel Rakesh Agrawal also participated in the round.
AskMe Group, which also runs e-commerce site grocery marketplace AskMeGrocery, furniture and home décor portal Mebelkart has accused its investor, Astro Entertainment Networks Ltd which owns 99% stake in the group, of not making payments.
Getit Infoservices, AskMe’s parent, runs online search platform AskMe, online marketplace AskMeBazaar, grocery marketplace AskMeGrocery, furniture and home décor portal Mebelkart, and payments platform AskMePay among other ventures.
VH Capital, a Mauritus-based fund, besides other angels including Arjun Malhotra and Rohan Malhotra of Investopad, Hong-Kong-based banker Abhishek Jain and head of e-commerce at Mahindra & Mahindra, Jaspreet Bindra were the other investors who participated in the round.