CraftsVilla, an online marketplace for Indian products, has raised Series C funding worth ~ $33.3 million (Rs 220 crore) led by existing investors Sequoia Capital and Lightspeed Venture Partners, with participation from Yuri Milner ($5 million), the Russian billionaire, via DST Global partners' fund, and other existing investors Nexus Venture Partners and Global Founders Capital, reports ET. Craftsvilla will use the funding for marketing and international expansion. This values the company at $200 million, according to the report. The company said that with this funding, it plans to go public in the next 12-18 months. It also claims to clock $120 million in its GMV annual run rate, with aims to hit $500 million GMV in the next one year. Delighted to co-lead $34M round @craftsvilla with @bsomaia. A frugally built business with sound metrics, shining through in a tough market — Shailendra J Singh (@singh_sequoia) November 17, 2015 Previous funding: In April this year, the company raised Series B funding worth $18 million led by multiple investors for growing the team size, bolstering its mobile presence and scaling up its technology platform. The company also planned to expand to southeast Asia. In July 2012, Craftsvilla had raised $1.5 million Series A funding from Lightspeed Venture Partners and Nexus Venture Partners and in October 2011, it had raised an undisclosed amount of early stage funding from the same investors. Craftsvilla was founded by Manoj Gupta and Monica Gupta in 2011. It takes a 20% commission on the products sold, however,…
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