Info Edge* has invested Rs 10 crore in Canvera Digital Technologies that owns and operates the online photography service Canvera.com through optionally convertible cumulative redeemable preference shares, the company has informed BSE. It's currently not clear how Canvera plans to use the investment raised. This is Info Edge's fourth investment in Canvera this year: Earlier in January this year, it had invested Rs 4.5 crore and followed it up with an additional investment of Rs 1.5 crore to give an exit to some of Canvera's angel investors in February . In the following month, it had invested an additional Rs 13.5 crore in Canvera. With this investment, Info Edge has invested a total Rs 67.1 crore into Canvera and owns 36% stake “on a fully converted and diluted basis” up from 32% in March this year. Note that Canvera had also raised an undisclosed amount of Series A funding led by Footprint Ventures, Draper Fisher Jurvetson, Mumbai Angels and two angel investors from the UK, way back in 2008. Canvera offers customized printing solutions like photo books, photo albums, posters, photo prints and calendars among others. It also allows users to host their photo albums privately or publicly on the site. In addition, it allows users to search and contact professional photographers based on city, state and occasion (engagement, anniversary, wedding, babies, conference photography, photo shoots and others). Apart from this, it provides various solutions to professional photographers to showcase their photo portfolio. This includes image hosting, personalized website with themes & analytics, e-commerce integration, and social sharing among others. It offers this service through three different plans starting at Rs…
- 5G is leading to higher data speeds in India, but how long will the average user enjoy these speeds for free? December 4, 2023
- Earnings Call: Mamaearth’s parent company sees 53% rise in earnings December 4, 2023
- ONDC November Round-Up: Paytm, Ola, Metro Tickets, WhatsApp chatbot, and more December 4, 2023
- G7 Countries Agree on International Guidelines for Generative AI: Report December 4, 2023
- Delhi HC to Decide If Google’s Warnings Before Downloading WinZO’s apk File Violate WinZO’s Trademarks December 4, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...
Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...
RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.
Straw man fallacy: IT Ministers’ defence of government exemptions in data protection law misses the point
Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...
The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...