The passing week went pretty interesting for the Indian ecommerce segment, as apart from ecommerce ventures raising funds, two ecommerce logistics companies also grabbed funding. With this, Blume Ventures also disclosed its investments in 4 startupsin which it had deployed funds in the past quarter.
Have a look at the startups that raised funding this week:
Delhivery: Delhi based ecommerce logistics firm Delhivery raised $35 Mn in Series C round of funding by Multiples Alternate Asset Management. Its existing investors, Times Internet and Nexus Venture Partners also participated in the round. Delhivery had raised $ 5 Mn from Nexus Venture Partners in a series B funding round in 2013.
Ecom Express: It raised over INR 1oo Cr in funding led by private equity firm Peepul Capital. Ecom Express was started by TA Krishnan, Ex – SVP (North) & All India Head Ecommerce, for Bluedart along with two of its ex-colleagues Sanjeev Saxena and K Satyanarayan.
Fareye: Delhi based venture, Fareye raised funding from Indian Angel Network. Fareye is a mobile enabled solution for field workforce management.