Sunday, September 6, 2015

Lingerie Portal raises Rs.250 cr. ($40 million) venture funding

Actoserba Active Wholesale Private Ltd (known as has raised a Series C round of INR 250 cr from Khazanah Nasional Berhad (Malaysia's sovereign wealth fund), Zodius Capital and existing investors IDG Ventures, Unilazer Ventures and Kalaari Capital. will use the funds for marketing and branding, merchandise expansion, and for increasing customer touchpoints. is India's largest online destination for women's intimate wear. The depth of Zivame's product offerings in this category is unmatched. Zivame boasts of the largest catalogue collection of intimates in India, and its exhaustive product offerings cater to every shape and size of women. Zivame is not only a category leader, but also a category creator and has introduced new categories such as shapewear into the Indian market.Avendus Capital was the exclusive financial advisor for this transaction.