Online fashion store Myntra has secured a funding of $25 million from existing investors Tiger Global and Accel Partners. The funds will be used for improving technology and enhancing customer experience. Myntra had raised $20M from Tiger Global in February last year. Launched in 2007, the fashion and lifestyle portal has raised $65 million through venture capital route till date, as per a Business...

We have been hearing about Just Dial’s impending IPO since quite a while and now finally we have received confirmation about it. The IPO will open on May 20th, 2013 and the company has proposed the issuance of 17,497,458 equity shares having a face value of Rs. 10 each. This will be done through a sale by the shareholders which will be selling their shares. The company has also informed that a 10%...

We have got an anonymous tip-off that online jewellery website, CaratLane has raised a third round of funding from Tiger Global to the tune of $15 million. According to the tipper, it seems that no one has reported the second round of funding that the company received in 2012 from Tiger Global. The amount in this round was Rs. 30 crore. All this in addition to the Series A they received has driven...

Urban Touch, the niche vertical e-Commerce portal selling fashion & beauty products which was acquired by Fashion And You, appears to have shut down its independent operation. The site as well as its official Facebook Page reads, ‘We have stopped taking orders on our website. We thank all our customers for their valuable patronage. We loved serving you and hoped that we lived up to your expectations.’ Multiple...

HolidayIQ, a portal offering reviews & information specifically about Travel has strategically alienated itself from Singapore-based Online Travel Agnecy (OTA) Wego. Furthermore, the company was able to do so with funding from existing investors Accel Partners and Tiger Global. Though the exact fund value is not being openly disclosed, sources aware of the process have pegged the value at Rs....

Launched just a year ago, Online Fashion retailer Zovi.com has secured US$ 10 Million in Series B funding from SAIF Partners & Tiger Global.  SAIF Partners, along with some Angel Investors had put together a sum of US$ 5.5 Million in seed funding. The present funding will be utilized for expanding warehouse operations and creating a full logistics team. Zovi owns & operates its own line...

Freshdesk has secured US$ 5 Million in Series B funding headed by Tiger Global Management. Earlier investor Accel Partners too participated. The online helpdesk solutions provider had earlier managed to get US$ 1 Million from Accel Partners & had used the funds for Business Development and Marketing. Looks like they used it wisely as their customer base has tripled with over 700 customers. Freshdesk...

USA based Venture Capital Firm Tiger Global Management has put in an undisclosed sum in dial-a-cab portal Olacabs.com The funds will be utilized to expand its operation to more cities & improve its technology platform. With so many car rental companies already in existence, what is so special about Olacab? Well, the company is an aggregator of car rentals and point-to-point cab services. In other...

Accel Partners and Tiger Global have invested US$ 6 Million (@ Rs. 30 Crores) in home décor products retailer Zansaar. The funding is going to be used to achieve organic growth & cover the working capital requirements. E-retailing sphere is getting crowded with players coming up almost daily. Hence, offering something exclusive may be a right direction for the company’s brand identification....

Bangalore based e-commerce start-up Myntra has raised its third round of funding led by the venture capital firm Tiger Global. This Series C funding amount is being reported as $20 million. This makes the total cash inflow received by Myntra from Tiger Global around $39 million. Myntra had raised $14 million in its previous funding round from Tiger Global, IDG Ventures and IndoUS Venture Partners. This...