Limeroad Raises $1.49 Million in Series D Funding
Gurgaon based fashion ecommerce retailer Limeroad has raised INR 11 crore ($1.49 million) in equity in series D funding from MA Willmind Holdings, a Mauritius based firm. Limeroad raised the amount by issuing 13,974 equity shares at a face value of INR 10 per share with a premium of INR 7,905 per share.
Founded in 2012, the company’s last round of funding was in 2015 when it had raised $30 million from Tiger Global, Lighspeed Venture Partners
Founded in 2012, the company’s last round of funding was in 2015 when it had raised $30 million from Tiger Global, Lighspeed Venture Partners
and Matrix Partners. Prior to that the company had received $15 million in series B round of funding in 2014 and $5 million in series A funding back in 2012. With the current round of investment, Limeroad has collectively raised over $51.4 million through four rounds of investments.
Headed by Suchi Mukherjee, Ankush Mehra, Manish Saksena and Prashant Malik, Limeroad was the first Indian social e-commerce fashion platform. The company allows users to shop online along with creating lookbooks that can be shared across social platforms. The platform carries a wide selection of fashion apparel and accessories for women, men and children. Limeroad has also added a home décor category that carries paintings, photo frame, wall hangings, wall clocks, panels, scones and other products.
Back in July, the online fashion retailer was caught in the middle of a cyber-security storm when reports came out of 1.29 million customer records being compromised. Limeroad had however refuted the claims and maintained that the reports were baseless.
Headed by Suchi Mukherjee, Ankush Mehra, Manish Saksena and Prashant Malik, Limeroad was the first Indian social e-commerce fashion platform. The company allows users to shop online along with creating lookbooks that can be shared across social platforms. The platform carries a wide selection of fashion apparel and accessories for women, men and children. Limeroad has also added a home décor category that carries paintings, photo frame, wall hangings, wall clocks, panels, scones and other products.
Back in July, the online fashion retailer was caught in the middle of a cyber-security storm when reports came out of 1.29 million customer records being compromised. Limeroad had however refuted the claims and maintained that the reports were baseless.