Zivame Closes around $8 million in Series C Funding
Online lingerie brand Zivame raises around $8 million additional funding as part of a bridge round, led by Zodius Technology Fund and a group of high net worth individuals.
The latest fund infusion, which is part of the company's Series C funding, will be followed by a larger round later in 2019. Zivame, however, did not disclose details of the larger round that is being planned.
"The funding will enable us to further enhance our footprint and leadership in existing and newer markets as we continue to build on our mission to be the destination for women for all her intimate needs. We continue to build the category as the Indian lingerie market is largely unorganised and under-served," Zivame Chief Executive Officer Amisha Jain said.She added, that the funds would be used for ongoing...