wordpress blog stats
Connect with us

Hi, what are you looking for?

Craftsvilla Raises $1.5 Million In Series A Funding From Lightspeed, Nexus

Craftsvilla, an online marketplace for handmade, designer and gift items, has raised $1.5 million Series A funding from Lightspeed Venture Partners and Nexus Venture Partners, reports TechCrunch. The company plans to use the funds raised to expand its operations to Indonesia and Thailand.

This funding round follows a seed round from the same investors (Nexus Venture Partners and Lightspeed Venture Partners) in October 2011. Although its worth noting that during the seed round, Kribha Handicrafts, an exclusive supplier to online retail portal had raised money instead of Craftsvilla itself. This was perhaps done to bypass the limitations put on e-commerce companies by India’s multi-brand retail FDI policy by investing in the supplier company, rather than the front end website. We are not quite sure if its the same case this time around, as well.

Started in January 2011, Craftsvilla showcases artisan-produced apparel, metalware, jewelry, home furnishings, food & health, bath & beauty products, gifts, books, and footwear among others. The company claims to have more than 50,000 products from over 1,000 Indian sellers on its portal and is delivering products to over 20 countries worldwide with US and Canada accounting for 25% of the International orders, as indicated by the TechCrunch report. The company also claims to ship over 5,000 products globally every months with revenues growing by 50% month-on-month.

Craftsvilla also claims to deliver products within 7 working days for domestic orders and 21 working days for international orders. While shipping is free for most of domestic shipments, the company charges different shipping charges for different international orders, with shipping being free for International orders of Rs.10,000 and above.

Other Players: Delhi-based Nethaat.com is a similar online marketplace which offers artisan-produced apparel, home & decor, toys, footwear, jewelry, and gifts among others. The company also provides a platform called haating which allows buyers and sellers to negotiate on the price and offers a locker facility to artisans to store their designs and handmade creations and share them privately. Besides this, there are the regular online fashion retailers like Myntra.com, Exclusively.in, Info Edge backed 99labels, Fashion And You, Zovi.com.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


In 2019, Amazon acquired a 49 percent stake in a promoter company called Future Coupons, and India’s competition regulator had approved the deal. The...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ