Venture capital firms have supported niche e-commerce firms in India like CarDekho.com and Lenskart because they are profitable but require less capital, The Financial Express reported.
Tags: IDG Ventures
Singaporean hotel booking app In2Nite raises $2.8M in funding for Asian expansion
Singapore City, Singapore-based same-day hotel booking app In2Nite raised $2.8M in a venture round led by IDG Ventures and other undisclosed investors to expand its reach across the Asian market.
Men's shorts manufacturer and retailer Chubbies receives USD4 million investment
Men's shorts manufacturer and retailer Chubbies has received USD4 million investment, reported TechCrunch.
Finland-based Next Games secures $6M in recent funding round
Institutional, strategic and private investors backed Finland-based gaming startup Next Games with $6 million in its latest funding round. The firm intends to roll out the mobile game version of "The Walking Dead" globally, VentureBeat reported.
San Francisco's IDG Ventures raises $100M for third funding round
San Francisco, US-based venture capital fund network IDG Ventures is currently raising $100 million for its third fund, the IDG Ventures III, to invest in early-stage startups in the US.
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Vertical ecommerce portals or retailers that sell only one category of healthcare products are getting the support of investors, according to a report on The Economic Times.
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