Home / Knowledge / News / Fashion / Online lingerie retailer Zivame raises Rs 250 crores
Online lingerie retailer Zivame raises Rs 250 crores
04
Sep '15
Online lingerie retailer Zivame has said it has raised Rs 250 crore from Zodius Technology Fund, Khazanah Nasional Berhad and other existing investors, according to an agency report.

The Series C round also saw participation from existing investors Unilazer, IDG Ventures and Kalaari Capital. Zivame has so far raised about $8 million in series A and B funding since it was set up in late 2011.

Zivame founder and CEO Richa Kar said the funds would be used to raise awareness about the category and company, ramp up the technology platform, enhance consumer experience on mobile phones and set up fitting stores across the country.

Within the next three years, Zivame plans to set up 100 such stores across top 10 cities, where women can come in to get fitted and know their body types to make informed purchasing decisions, she added.

The company has recently launched its mobile app. A majority of Zivame's sales (about 55 per cent) are ordered from mobile phones and that prompted the company to launch the mobile app, Kar said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 27th May 2017

Indian exports can touch $325 bn in 2017-18: FIEO

Indian exports are on upward trend in last few months as the country...

Pakistan's Finance Minister Mohammad Ishaq Dar presenting Budget 2017-18 in National Assembly in Islamabad on May 26. Courtesy: PID, Pakistan

Textiles | On 27th May 2017

Pakistan Budget 2017-18 proposes 4 new measures

To support the textile sector in Pakistan, finance minister Mohammad...

Courtesy: IRRC Institute

Apparel/Garments | On 27th May 2017

Up to 7.5 mn retail jobs in US at risk due to automation

About 6-7.5 million retail jobs in the US are likely to be automated...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search