- Attire e-commerce platform limeroad raises Rs 11 crore in its Sequence D funding spherical from MA Willmind Holdings.
- The startup has raised $51.4 million in a complete of 4 fundings rounds.
Gurgaon-based on-line attire e-commerce platform LimeRoad raises $1.49 million (or about Rs 11 crore) in its Sequence D funding spherical from Mauritius-based MA WillMind Holdings, stated the report.
With this deal, The corporate has raised $51.4 million ( or about Rs 377 crore) in a complete of 4 funding rounds.
In October 2012, LimeRoad had raised $5 million in its Sequence A funding spherical from Lightspeed Enterprise Companions and Matrix Companions India.
Following, In Could 2014, The corporate had raised $15 million in its Sequence B funding spherical from Tiger World Administration and different present traders.
The funding comes after the 5 years when LimeRoad had raised $30 million in its Sequence C funding spherical from its present traders.
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Based on filings with the Ministry of Company Affairs (MCA) accessed by inc42, The corporate had issued 13,974 fairness shares at a face worth of Rs 10 per share and a premium of Rs 7,905 per share, aggregating to a complete quantity of Rs 11 crore.
In addition to attire merchandise, LimeRoad additionally affords shopper merchandise corresponding to kitchen, dwelling and different important merchandise.
About LimeRoad – LimeRoad is a Gurgaon-based e-commerce purchasing platform based in 2012 by Suchi Mukherjee, Ankush Mehra, and Prashant Malik.
The corporate reported a 172% enhance in income from Rs 15.6 core in FY-15 to Rs 42 crore in FY-16.
Following subsequent yr, The corporate witnessed a 78% enhance in income from Rs 89 crore in FY-17 to Rs 160 crore in FY-18.
the story was reported by inc42
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