Welcome to Gaia! :: View User's Journal | Gaia Journals

 
 

View User's Journal

Report This Entry Subscribe to this Journal
cravenlid7081 Journal cravenlid7081 Personal Journal


cravenlid7081
Community Member
avatar
0 comments
IDG Ventures India and SAIF Partners pump in $14 million in e-commerce start-up
User Image - Blocked by "Display Image" Settings. Click to show.

Radhika P Nair Peerzada Abrar, ET Bureau Feb 13, 2012, 04.07AM IST

BANGALORE: Technology investors IDG Ventures India and SAIF Partners have closed one of the biggest venture investments in a specialised online retailer, pumping $14 million (Rs 68 crore) into e-commerce firm BrainBees Solutions, which runs baby-care portal First Cry and the newly-launched GoodLife for. No matter simply how much you think you know about Fashion buzzer and in some cases on Online fashion jewellery, see these terrific web pages and be entertained with truly important facts.beauty and wellness products.

The funding, led by IDG, closed on Saturday and underscores the Fashion Jewellery stores frenetic deal-making across the country's ecommerce industry. It comes just a week after online fashion retailer Myntra announced a $21 million funding from a consortium of investors, including IDG, which is leading the wave of risk capital funding for specialist start-ups.

http://www.youtube.com/watch?v=CNKqm1sD8y8

IDG's US arm invested in BabyCenter, which sold baby care products, in the late 1990s. It went on to become one of the best exits for IDG when BabyCenter got acquired by eToys for $150 million worth of stock. In China its investments include online retail major Dang Dang and search giant Baidu.

"With internet user numbers hovering around the 80 million mark, Indian e-commerce inflection is around the corner," Arora said.




 
 
Manage Your Items
Other Stuff
Get GCash
Offers
Get Items
More Items
Where Everyone Hangs Out
Other Community Areas
Virtual Spaces
Fun Stuff
Gaia's Games
Play with GCash
Play with Platinum

Customize your own avatar now!

Join Now

Have an account? Login Now!