wordpress blog stats
Connect with us

Hi, what are you looking for?

Happily Unmarried gets additional funding from Info Edge

Internet company Info Edge has invested an additional Rs 5 crore in online gifting website Happily Unmarried through convertible preference shares. Accordingly, Info Edge's total investment in Happily Unmarried stands at Rs 21.3 crore and owns 48% stake in the company, according to this BSE notification. Setup in 2003, Happily Unmarried designs and sells fun & quirky merchandise with India-centric designs. It currently offers products like t-shirts, mobile phone cases, bar accessories, bags, travel accessories, stationary products and office accessories among others. It also has a grooming range for men called Ustra. Happily Unmarried also has a chain of offline stores in New Delhi, Mumbai and Chandigarh. Happily Unmarried also retails these products through various multi-brand outlets across 18 states including Maharashtra, Karnataka, Gujarat, Rajasthan and Tamil Nadu among others. Info Edge had first invested Rs 5 crore in Happily Unmarried for about 25% stake in 2012. Recent investments Dirolabs: Mobile phonebook management company Dirolabs raised  Rs 3 crore (via convertable shares) from Info Edge, selling 11.5% stake to the company. This raise thus values Dirolabs at around Rs 26 crores, approximately $3.8 million. Unnatihelpers: Info Edge picked up 28.5% stake for Rs 4 crore in a job portal for unskilled workers called unnatihelpers.com, valuing Unnati Online Pvt Ltd at Rs 14 crore. Rare Media: In February, Mobility and cloud-based software developer Rare Media secured $1.1 million in fresh funding from Info Edge. The Delhi-based consumer internet company was founded in 2012 and its field force tracking service Blue Dolphin is used for employee location tracking and timekeeping on 3G devices.…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

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?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

News

Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...

News

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...

News

Jio is engaging in many of the above practices that CCI has forbidden Google from engaging in.

You May Also Like

News

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...

Advert

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...

News

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ