Ratan Tata invests in online lingerie retailer Zivame

Image sourced from Zivame's website

In yet another funding round, online lingerie retailer Zivame has raised an undisclosed sum from Tata Sons chairman emeritus Ratan Tata to further grow its business in India, as per a report in The Economic Times. This is the second funding that Zivame has received in the last two weeks.

Zivame, owned by Actoserba Active Wholesale Pvt Ltd, had raised about $37 million (Rs.250 crore) in a series C funding round from Zodius Technology Fund and Khazanah Nasional Bhd, the investment holding arm of the government of Malaysia a few days ago. Existing investors Unilazer Ventures, IDG Ventures India and Kalaari Capital had also participated in the round.

The company will use fresh funds to acquire customers, expand product offerings and increase consumer touch points. Besides, it will also invest in boosting its technology infrastructure and recently announced a data sciences lab.

After stepping down from an active role in Tata Group, Ratan Tata has become an influential investor in startups. Ratan Tata has invested in close to a dozen Indian as well as international start-ups in the last one year.

A few days ago he made personal investments of an undisclosed amount in Mumbai-based food-tech startup Holachef and data analytics start-up Infinite Analytics Inc. In July, he participated in a $10.2 million round of funding for online doctor appointments booking site Lybrate Inc. In June, he made an investment in taxi aggregator Ola and joined the advisory board of Jungle Venture. He previously also invested in Snapdeal, Paytm, Urban Ladder and Bluestone, among others.

Zivame started out as an aggregator of brands including Enamor, Amante, Jockey, among others, but launched private labels two years ago in an attempt to boost margins. At present, private labels such as Penny and Cou Cou account for about 60% of the sales for Zivame. It competes with the likes of Pretty Secrets and Laceandme in India.

The company, which was founded by former SAP executive Richa Kar in 2011, had earlier raised about $9 million in two rounds, the last being a $6 million round in December 2013.

Also read: Indian lingerie e-tailer Zivame bags $40m funding from Malaysia’s Khazanah, others

Ratan Tata invests in Indian food-tech startup Holachef

Ratan Tata, others invest in Infinite Analytics

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.