CraftsVilla raises Series B funding of $18 million Online marketplace for Indian products CraftsVilla has raised Series B funding worth $18 million led by Sequoia Capital and participation from Global Founders Capital as well as existing investors Nexus Venture Partners and Lightspeed Venture Partners, reports TOI. The funds will go in growing the team size, bolstering its mobile presence and scaling up its technology platform. The company also plans to expand to south east Asia. CraftsVilla claims to have over a million handmade and organic products which include apparel, jewelry, bags and home decor from over 12,000 artisans and designers across India. The Mumbai based company was founded by Monica Gupta and Manoj Gupta in 2011. It claims to have over 1 lakh transactions a month. In October 2011, Kriba Handicrafts, the exclusive supplier to Craftsvilla had raised an undisclosed…
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