Fashion funding in India continues this week, while an eyewear company, gifting platform, and real estate acquisition fill out our list of funded startups for the week.
Ratan Tata-backed online and offline eyewear retailer Lenskart has garnered an undisclosed amount of funding from PremjiInvest, private investment arm of Wipro Ltd chairman Azim Premj.
According to founder and CEO Peyush Bansal, the investment, advised by Avendus Capital, served primarily as a way to bring PremjiInvest to Lenskart.
Founded last year by Bhavna Lalchandani and Rahul Shrivastava, the startup allows people to send others meals, drinks, salon, or spa vouchers via email or SMS. The gift recipients may then redeem their gifts at one of the company’s 1,000 partner vendors.
CheersOye plans to create a one-click joining process for merchants and to have 20,000 partner merchants by 2019.
After last week’s fashion funding extravaganza, the windfall has kept coming – Chennai-based eShakti, a women’s fashion site, has secured funding. Infina Finance led the investment. Infina promoter Uday Kotak also participated with a personal investment.
Polaris Banyan Holding also contributed to the round.
Founded by BG Krishnan, the company targets the US and Canada, and has an ecommerce unit in India called Zapelle. Shoppers on the site can pick a dress design. From there, they can customize aspects such as the neckline or sleeves. Each piece of clothing is cut to order.
India’s fashion funding spree has extended beyond the country’s borders. Today, Venturra Capital, Sequoia India, and Susquehanna International Group invested in Bangkok-based Zilingo
The acquisition helps PropRates give customers more information on prices in the property market. PropTiger will first utilize PropRates’ services for customers in Mumbai, then nine other cities.
As part of the deal, the PropRates team will join PropTiger’s.
Abhishek Malhotra and Rohan Dey founded PropTiger last year.
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