Craftsvilla.com, which is India's largest online marketplace for Indian Fashion and Home products, is looking to raise $3 million funding to boost growth. This funding will be used for marketing of Craftsvilla.com in India and abroad and grow sales by ten times in next 1 year.
Craftsvilla.com today has more than half million Indian fashion and home products including largest collection of Indian jewellery, sarees and salwar suits in India. Craftsvilla.com has doubled its monthly revenue in last quarter and is one of the few ecommerce companies in India which are profitable. Craftsvilla.com today gets more than 35% of its sales from outside India and therefore is well positioned as an international ecommerce company targeting global markets.
"We are one of the few profitable ecommerce marketplaces in India. We have doubled our monthly revenue in last quarter and have now more than half million Indian products online. We have come this far with very little external funding using extremely efficient cost structure and low customer acquisition cost. We therefore are looking to raise next round of funding to take us to next level of exitable growth and make ourselves a dominant ecommerce company in India," says Manoj Gupta, CEO and Founder of Craftsvilla.com
Craftsvilla.com is looking for investors both in India and outside of India. Craftsvilla.com currently has initial funding of $1.5 million from Nexus Venture Partners and Lightspeed Venture Partners. Craftsvilla.com is run by Manoj Gupta and Monica Gupta. Manoj was previously with Nexus venture partners and had started a Technology company in USA. Craftsvilla.com, founded in 2011, is based in Mumbai and has a team of 12 people.
Company Name: Kribha Handicrafts Pvt. Ltd.
Contact Person: Manoj Gupta
Email:Send Email
Phone: +91 9920175041
Address:21, Centrium, Lokhandwala, Kandivli (E)
City: Mumbai
State: Maharashtra
Country: India
Website: www.craftsvilla.com
Source: www.abnewswire.com
