Gurgaon based eCommerce platform, LimeRoad has raised $30 million in Series C round of funding led by Tiger Global, with participation from Matrix Partners and Lightspeed Venture Partners. Including this round, the firm had received a total capital of $50 million in three rounds from four investors, till now.
The firm says its online community posted more than 1.5 million style statements as “scrapbooks” last month alone, with per day postings reaching 100,000+, achieving 100 times growth in less than a year.
LimeRoad is an online platform covers apparel, accessories including footwear and bags, as well as home and living, with prime focus on woman as target segment. The company had previously raised $15 million in round B which was also led by Tiger Global and participated by Matrix Partners and Lightspeed Venture Partners.