Online interior design platform Design Café, operated by GS E-Commerce Pvt. Ltd, is raising Rs 24.99 crore from its existing investors WestBridge Capital and Fireside Ventures. In a separate development, Hero Group’s Sunil Kant Munjal, who is already an existing investor in Mumbai-based beauty marketplace Nykaa, is pumping in more capital in the company to facilitate its growth plans.
Design Cafe raising capital from existing investors
Online interior design platform Design Café, operated by GS E-Commerce Pvt. Ltd, is raising Rs 24.99 crore from its existing investors WestBridge Capital and Fireside Ventures, per a report by INC42.
Established in 2011, the Bengaluru-headquartered company claims to have designed and built over 5000 homes across the country.
The corpus that is being raised will help Design Café expand its operations across the country.
Following the current round of investment, WestBridge and Fireside will hold 50.82 per cent, and 20.42 per cent stake in the company, the report further added.
Hero Group’s Sunil Kant Munjal investing in Nykaa
Hero Group’s Sunil Kant Munjal, who is already an existing investor in Mumbai-based beauty marketplace Nykaa, is pumping in more capital in the company to facilitate its growth plans, per media reports.
Munjal, who had first invested in Nykaa in 2016, is infusing Rs 19.6 crore in the current round of transaction, per a report by VC Circle.
The funding is said to be a part of Nykaa’s ongoing round that has already seen participation from Steadview Capital, among others.
Founded in 2012, Nykaa is an omnichannel beauty destination that sells brings products including skincare, haircare, and fragrances, among others, for both men and women on its platform.
