Investments, News

Fundingwire: Sistema Asia Fund Invests $12M in Seclore, Fartech Raises $110M From IDG Capital & Others

Fartech Raises $110M From Temasek, IDG Capital Partners and Eurazeo

London: Farfetch, fashion eCommerce portal, has raised another $110 million in Series F round of funding led by Temasek, IDG Capital Partners and Eurazeo. The round also saw participation from existing investor Vitruvian Partners. Farfetch also secured a $50 million credit line to boost its growth. Previously, the company raised $86 million in March 2015.

This portal identifies itself as an original and not like eBay or Amazon. The company focuses on fashion brands and wants to help them seamlessly integrate offline and online transactions in a unified experience.

Lenskart Secures $60M From World Bank arm IFC & Others

New Delhi: Delhi-based eyewear etailer, Lenskart, has raised $60 million in Series D round of funding led by World Bank arm IFC with an investment of $25.6 million. The round also saw participation from Infosys co-founder Kris Gopalakrishnan, Zurich-headquartered asset management firm Adveq Management, along with the existing investor TPG Growth and IDG Ventures.

The raised funds will be deployed in strengthening its technology, supply chain, lens manufacturing, and expansion across 400 cities. “The idea is to fill the large gap relating to vision correction that currently exists in India, and we were looking as to how to set up Lenskart, to try and revolutionise eyewear in India, and that really appealed to IFC,” said Peyush Bansal, founder, Lenskart.

FundingGREX Facilitates $210k Fund For SolarTown Energy Solution

Pune: GREX, an integrated exchange like platform for unlisted companies, has facilitated capital raising for SolarTown Energy Solution and Comarete Technologies on its transaction platform. The companies raised a total of $210,000 and plan to raise more on the platform. Pune-based Comarete is a technology and consulting company. It offers complete technology and consulting services with a broad portfolio of CRM, OSS, BSS predictive analytics, software development and systems management for the Telecom and media industry.

Sistema Asia Fund Invests $12M in Seclore

Mumbai: Mumbai-based startup Seclore, which offers digital rights management solution to organisations, has secured $12 Mn in Series B round of funding from Sistema JSFC’s Sistema Asia Fund. The proprietary venture capital fund has provided funding as part of a four-member investor consortium, which included Helion Ventures, VentureEast and India Alternatives Private Equity Fund.

Founded by IIT alumni Vishal Gupta and Abhijit Tannu in 2005, the company, allows enterprises to embed security, privacy and compliance policies within information itself, in order to secure information shared externally. The company provides enterprise digital rights management (ERDM) solutions that help organisations to protect sensitive information from cyberattacks.

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