Bangalore based startup, Canvera Digital, has raised Rs 15 crores from Naukri.com parent company Info Edge. The investment was made at a valuation of Rs 75 crores.
Info Edge has invested in the company in various rounds, owning 49% stakes in the company at present. In 2012, it invested Rs 35 crores, while in 2014 it made three investments back to back (January-Rs 6 crores, March- Rs13.5 crores and October- Rs 10 crores). Also the company had raised an undisclosed amount of funding from Footprint Ventures, Draper Fisher Jurvetson, Mumbai Angels and two UK-based angel investors in 2008.
Info Edge has previously made investments in other Internet companies like Zomato, PolicyBazaar, Mydala etc. Recently it invested Rs 26 Cr in Applect Learning Systems Pvt Ltd and Rs 6.4 Cr in Big Stylist.
Started in 2007 by Dhiraj Kacker and Peeyush Rai as a photobook company, Canvera entered the eCommerce sector in 2011. The website provides solutions to photographers – like photo book printing and hosted software services through a SaaS model. Consumers can also browse and hire photographers on daily and hourly basis. The company is headquartered in Bangalore with regional offices in Chennai, Hyderabad, Ahmedabad, Delhi & Chandigarh.
The website is empowering the photographers by providing them a place to showcase their portfolios and also setup online stores. The website has different subscription plans for them starting from Rs 3,000 a month to Rs 12,500 a month.