Rocket Internet-backed online printing solution PrintVenue has continued its international expansion by launching operations in Australia. Following this, the company mentions that it plans to expand its operations to South East Asia and Middle East in the near future.
PrintVenue started its International foray last year by setting up an office in Singapore in June 2013. In January this year, the company had mentioned that 15% of the company’s total revenue now comes from this market. It also claims to have served more than 20,000 orders since January this year.
Launched in July 2012, Printvenue offers printing solutions including business cards, card holders, custom mobile cases, t-shirts, mugs, posters, flyers, photo frames, photo magnets, calenders and mouse pads among others. Over the past few months, Printvenue has added categories like tote bag, wallets, notebooks, pen drives, cushions, and kitchen accessories.
Other players in the segment include Printo Document Services that has investors like Sequoia Capital, SeedFund and Blume Ventures, Printland that raised Rs 5 crore from Small Industries Development Bank of India (SIDBI) in partnership with existing investors Evista Venture Capital and Sanjeev Kakar last year, and Printbindaas that had received angel funding from Manoj Kumar Swain and Rajesh Garg in August 2012.
Vistaprint had also launched Vistaprint India shortly after acquiring PrintBell while Alma Mater, an online brand for customized merchandise and alumni printing, had received funding from Indian Angel Network in November 2012.
Online photo printing service provider ZoomIn had also acquired San Francisco-based Photojojo last month. This acquisition was financed by a fresh Rs 50 crore investment led by existing investor Lightbox Ventures with participation from First Round Capital and Gund Investments. ZoomIn had mentioned that it plans to expand to developed markets like the US and Australia as well as strengthen its existing operations in Singapore and this acquisition will allow them to strengthen their team for a global rollout.