While Zivame is looking to raise over $25 million, rival PrettySecrets is also eyeing a new round of around $10 million.
“Local retailer penetration in India is very high and there are a lot SKUs (stock keeping units) available to customers in a small catchment area."
TinyOwl mops up rs 100 crore from Matrix Partners India and existing investors Sequoia Capital, Nexus Venture Partners
TinyOwl’s co-founders are IIT-Bombay graduates Harshvardhan Mandad, Gaurav Choudhary, Saurabh Goyal, Shikhar Paliwal and Tanuj Khandelwal.
Entrepreneurship: Look at 10 venture-funded cos like Snapdeal, Flipkart & how their valuations have changed
Fueling this are top venture capital investors and hedge funds flush with capital driving up valuations in a market where financial metrics are becoming less important.
The funding will mark a continuing run of success for Bengaluru-based family office that has helped portfolio companies successfully raise follow-on funding.
On Monday and Tuesday, Creador, founded by former ChrysCapital managing director Brahmal Vasudevan, bought 44.79 lakh shares at Rs 244 apiece.
On Monday and Tuesday, Creador, founded by former ChrysCapital managing director Brahmal Vasudevan, bought 44.79 lakh shares at Rs 244 a piece, data from National Stock Exchange shows.
Led by partner Lee Fixel, the New York-based firm has picked up stakes in some eight Indian startups in recent weeks as it prepares to set up its first-ever office.
The VC firm, which has invested also in Snapdeal and TaxiForSure, could deploy over 1,250 crore or $200 million in India, as it continues to scout for technology startups.
Incubated at Kochi's Startup Village in 2011, the Bengaluru-based startup was founded by former Wipro and Cognizant consultant Shiju Radhakrishnan.
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