Monday, July 13, 2015

@boxmyspace raises Rs 19.2 cr VC funding

BoxMySpace a Mumbai based on-demand storage solution provider which uses technology to enable clutter free homes and office spaces, has today raised  Rs 19.2 cr from a consortium of investors led by Farooq Oomerbhoy, who was one of the co-founders of the early stage fund Orios Venture Partners. Ritesh Veera and Singapore Angel Networks also participated in the funding round.

The funding will be deployed primarily towards expanding operations in other metro including Pune, Bangalore & Delhi and undertaking key marketing efforts. BoxMySpace also plans to launch other innovative storage solutions in the future and partner with online retailers and SMEs to streamline their need for an efficient storage solution for their goods, said the company in a press release.