Indian eCommerce companies are on their way to make it big in the eCommerce industry and this funding roundup is exactly about three such Indian eCommerce companies, namely CraftsVilla, EazyDiner as well as EatShopLove.
Series B funding worth $18 million raised by CraftsVilla
CraftsVilla is a well- known online marketplace selling Indian products and recently it managed to raise Series B funding of $18 million. This funding was led by Sequoia Capital as well as it involved participation from Global Founders Capital and other existing investors, such as Lightspeed Venture Partners and Nexus Venture Partners. This entire collected fund will be redirected towards increasing the team size of CraftsVilla, scaling up the technological platform as well as boosting its mobile presence. Not only this, CraftsVilla also plans to expand its services to South- East Asia.
CraftsVilla proudly claims to have a stock of over a million organic and handmade products present on its website, including home decor, jewellery, bags and apparel. These products are created by more than 12,000 designers and artisans from all over India.
Manoj Gupta and Monica Gupta founded this Mumbai- based ecommerce company in the year 2011. Over time, CraftsVilla has grown many folds and today it claims to handle more than 1 lakh transactions every month. In October 2011, an exclusive supplier to CraftsVilla, Kriba Handicrafts claimed to have raised an undisclosed amount of funding in the early stage from Lightspeed Venture Partners as well as Nexus Venture Partners. Consequently in July 2012, CraftsVilla claimed to have raised Series A funding of $1.5 million from these two existing investors. This fund was used by this company to expand its services to Thailand and Indonesia.
EatShopLove raised $3.5 million
EatShopLove is a fashion ecommerce website based in Bangalore, India. This company has raised an angel funding of $3.5 million from an investor based in London. This website is now attempting to move ahead from being a vendor- source model to a standalone shopping brand with its very own in- house designers.
EatShopLove was founded in May 2014 by Oindrila Dasgupta as well as Shayak Sen. This funding will be used by EatShopLove for the purpose of hiring its very own in- house design time expanding its business across Mumbai and Delhi as well as setting up manufacturing units. With the average order value of INR 900, this ecommerce company claims to deliver approximately 175- 200 products on a daily basis. In October 2014, EatShopLove raised a seed funding of $1 million.
This website’s interface will get a lift from its current state, finally coming out of its strange look. Also, the appealing idea of selling clothes as well as chocolates is expected to create boon for this website in the long run.
Undisclosed funding raised by EazyDiner
Angel investors Gulpreet Kohli and Deepak Shahdapuri led a restaurant- reservation app EazyDiner to raise its first round of funding worth an undisclosed amount. EazyDiner is known for providing insider tips regarding eating places, along with reviews, recommendations, deals on every reservation and availing dining concierge to all users.
Journalist and talk- show host Vir Sanghvi, along with several hoteliers and restaurateurs, founded this Delhi- NCR- based service last year. Deliveries are facilitated via online and phone. With more than 8000 restaurant listings and more than 300 restaurants for online reservations, EazyDiner is available on Android devices. The iOS application will be launched next month and its operations will be rolled out to Chennai, Pune, Bangalore and Hyderabad.