Rocket Internet-backed online printing solutions provider Printvenue has secured $4.5 million funding from the Asia Pacific Internet Group. With this the company joins the Asia Pacific Internet Group’s network due to its presence in Australia and Singapore.
Printvenue has been expanding its international operations, and in September last year it had launched its operations in Australia. Earlier in 2013, it had started its operations in Singapore and the company mentioned that 15% of its total revenues comes from the Singapore market.
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 raised Rs 5 crore from Small Industries Development Bank of India (SIDBI) in partnership with existing investors Evista Venture Capital and Sanjeev Kakar in 2013. Printbindaas 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.