Friday, April 19

Tag: IDG ventures

IFC Leads Rs. 400 cr Investment in Lenskart
5May By PriyankaNo Comments
FUNDING

IFC Leads Rs. 400 cr Investment in Lenskart

IFC, a member of the World Bank Group, is investing Rs. 171 Crores in Indian eyewear company Lenskart, to help the company expand access to high-quality and affordable eye-care products in tier-3, tier-4 cities. IFC was the lead investor for the Rs. 400 cr Series D investment round which also saw participation from TPG Growth, Adveq Management and IDG Ventures. In addition, Ratan Tata and Kris Gopalakrishnan (co-founder of Infosys) invested in their personal capacity as part of this round. Avendus Capital was the exclusive financial advisor to this transaction. Lenskart is into assembly, manufacturing, wholesale distribution and supply of high quality eyewear products, such as eyeglasses, power sunglasses and contact lenses. Company plans to utilize the funds for strengthening its te...
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Aasaanjobs Raises $5 Million From Aspada Advisors, IDG Ventures
15Feb By Press Trust of IndiaNo Comments
FUNDING

Aasaanjobs Raises $5 Million From Aspada Advisors, IDG Ventures

Online recruitment marketplace Aasaanjobs Monday said it has raised $5 million (roughly Rs. 34 crores) in series A round of funding led by Aspada Advisors with participation from existing investors. The fresh inflow of capital will help the company realise its mission of taking its HR services on the cloud, a company release said adding this technological edge will pave way for Aasaanjobs' expansion into newer geographies. Founded in November 2014, Aasaanjobs is based out of Mumbai. Aasaanjobs' tech solutions speed up the process of recruitment by connecting perfectly-matched candidates to recruiters. This makes the entire process quick, effective and convenient for both job seekers and recruiters. This was a follow-up from the seed round where the platform raised a funding of $1....
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Ratan Tata Invests in Baby Care Platform FirstCry.com
21Jan By AdityaNo Comments
FUNDING

Ratan Tata Invests in Baby Care Platform FirstCry.com

Top industrialist Ratan Tata has invested in baby care eCommerce platform FirstCry, continuing the slew of investments he has made in various startups globally. The Chairman Emeritus of Tata Sons and Senior Advisor to IDG Ventures India, has invested an undisclosed amount in his personal capacity into Brainbees Solutions, which owns the FirstCry.com brand, the company said in a statement.   ALSO READ: Ratan Tata invests in India’s Largest Cashback & Coupons Site CashKaro.com   FirstCry is omni-channel player with presence across desktop, mobile and offline routes offering baby and maternity products in India. It started operations in 2010 and has over 2 million customers. It has over 150 FirstCry branded franchise offline stores across 100 cities in the...
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Lenskart Office – A Place of Lens
3Dec By AdityaNo Comments
Story

Lenskart Office – A Place of Lens

Lenskart is India's fastest growing eyewear company founded by Peyush Bansal in November 2010. With a unique brick and mortar presence, Lenskart today offers over 10,000 different styles and high quality prescription eyeglasses, sunglasses and contact lens to fit all pocket sizes. Lenskart has grown more than 200% year on year in the last 2 years, to be among the top 3 optical businesses in India today. Lenskart currently has over 100 stores across more than 66 cities in the country with delivery in over 100 cities. (more…)
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