wordpress blog stats
Connect with us

Hi, what are you looking for?

Bedbathmore Raises Series A Investment From Blume Ventures

BedbathmoreOnline home furnishing portal Bedbathmore.com has raised an undisclosed amount in series A funding from Blume Ventures, reports Techcircle.  The report says that the promoters of the company Encompass Design India Pvt Ltd, has also put in some money to the venture and the company plans to use the funds raised in building private labels and hiring category leaders in next 12-18 months.

Bedbathmore provides home furnishing products across various categories such as Bed, Bath, Kitchenware, among others. When we checked, the site seems to offer products like Bedding protector, Bed sheets, door mat, curtains, comforter, bath slippers, towels, kitchenware, table mats, among others. One can filter products based on brands, color, and design pattern. As indicated by the report, Bedbathmore caters to 3,000 locations and has a fulfillment house in Mumbai.

The company competes with all you can eat e-commerce websites such as Homeshop18, eBay India, Indiatimes Shopping, among others. Niche players in the same segment includes Fabfurnish and Roomstory. Mumbai based Mirraw.com also offers home furnishing products on its site.

No more series A crunch?

There’s been much hype about how startups are not able to raise funds beyond seed round and that VCs are not putting in more funds when it comes to e-commerce sites. But it appears that VCs are back to funding e-commerce sites. In April 2013, SkoolShop, an e-commerce site run by Occasion Kommerce Pvt. Ltd., raised funding in a Series A round from Blume Ventures and angel investors including Sunil Kalra, Srikant Shastri, Vikas Choudhary and Puneet Deora.

CaratLane Trading Pvt Ltd, which runs an online diamond jewellery portal CaratLane.com, raised 15 million in Series C funding round from Tiger Global.

Perhaps the $50 million raised by Snapdeal in a Series C round earlier in April 2013 have restored faith among VCs in e-commerce segment?

You May Also Like

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

News

The Federation of All India Vyapar Mandal (FAIVM), a pan-India body of traders and retailers, has recommended that the government impose a tax of...

News

The Department for Promotion of Industry and Internal Trade (DPIIT) has forwarded complaints against Amazon and Flipkart, made by traders body Confederation of All...

News

The Competition Commission of India has sought information from sellers body AIOVA on the alleged preferential treatment that Amazon gives to certain large sellers,...

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

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ