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 amount of early stage funding from Nexus Venture Partners and Lightspeed Venture Partners. In July 2012, Craftsvilla had raised $1.5 million Series A funding from Lightspeed Venture Partners and Nexus Venture Partners. Then, the company had plans to use the funds to expand its operations to Indonesia and Thailand.
EazyDiner raises an undisclosed amount of funding from Deepak Shahdapuri and Gulpreet Kohli
EazyDiner, a restaurant reservation app, has raised its first round of funding led by angel investor Deepak Shahdapuri and Gulpreet Kohli, reports VCCircle. EazyDiner lets users review, recommend, avail dining concierge and deals for each reservation along with getting insider tips. Started by journo and talk show host Vir Sanghvi and a group of hoteliers and restaurateurs late last year, the Delhi-NCR startup allows service delivery via phone and online. It claims to have over 8,000 restaurant listings with menus and around 300 restaurants for online reservations. Available on Android, the company plans to launch the iOS app next month. It will roll operations out to Bangalore, Hyderabad, Chennai and Pune this year.
Fashion e-com site EatShopLove raises $3.5 million
Bangalore based fashion e-commerce site EatShopLove has raised angel funding worth $3.5 million from a London based investor, reports ET. The website plans to move from being a vendor sourced model to becoming a standalone brand with inhouse designers. Founded in May 2014 by Shayak Sen and Oindrila Dasgupta, the startup will use the funds for hiring a design team, setting up manufacturing units and expand to Delhi and Mumbai. The company claims to deliver 175-200 orders per day at an average order value of Rs 900. It had raised seed funding worth $1 million in October last year.
The website interface could use a facelift from its current state. It seems to have design that does not go easy on the eyes. Also, the idea of selling chocolates and clothes together seems strange but the products look appealing. Overall, the site has a long way to go in order to compete with big players in the e-com fashion industry.