Jabong’s Co-Founder and Managing Director Praveen Sinha has invested an undisclosed amount in Anasha Art, an online art gallery owned by Sinha’s wife Shayal Taunk.
As per a VCCircle report, the raised funding will be used in sourcing inventory and promotion of the platform.
“My investments range from Rs 5 lakh to Rs 1 crore as seed capital. Besides this, I also try to involve people within my network to raise further funding or where capital required would be more,” Sinha said.
In 2014, Mumbai-based Rejuvenate Solutions Pvt Ltd, the company behind Zimmber, an on-demand home services platform, had also received an undisclosed amount in funding from Sinha.
Anasha Art was founded in November 2014, showcases work from almost 30 artists. The firm aims to target niche audience. “This work is curated by us very diligently. It has been three months of our business and the response has really been good,” Shayal said.
Sinha is also in talks with two other startups – one in the field of robotics and machine learning and the other in the healthcare sector.