Imitation Jewellery Retailer YouShine Plans Series A Fund Raise

by Sanjay Nagda

@sanjay

MM Retail Private Limited, the company operating the online artificial and imitation jewellery business under YouShine brand, is planning to raise close. Stop by doctor riley urso's resource view more details.to $2 Mn in Series A round from existing investors.

The http://shockingdemonst82.jimdo.com/2015/06/03/simple-and-easy-ways-to-find-handmade-jewelry/ Gurgaon based company counts two Switzerland-based angels - Petter Binde, president of Mustad Hoofcare Centre and an investor who manages a French family trust, have invested into the company. when you are truly interested in SITE TOPIC GOES http://www.dailystrength.org/people/4638213/journal/13047155 HERE; kindly visit , .

as its investors from whom it raised seed funding worth half a million dollars (C.R2.5 Cr) last year.

The company follows a hybrid model with both an online through Youshine.com as well as an offline presence through a brick and mortar model. The funding will be taken to expand both the channels.

Currently it has 11 stores spread across Delhi, Mumbai, Punjab, Gujarat and Pune and is now planning to take it to tier II cities like Mohali, Surat and Bhopal with a pace of one store a month.

The company is founded by husband-wife duo Monika Pal Sood and Ashish Sood.

Other planned and announced in the space:

Creador Advisors, a PE fund founded by former ChrysCapital MD Brahmal Vasudevan, picked up 3.2% stake in BSE listed PC Jeweller Limited for R143 Cr.Titan Company, a Tata Group unit which sells jewellery under the Tanishq brand, was said to be investing $30 Mn (c.R180 Cr) in Chennai based online jewellery retailer, Caratlane.com, picking up 15% stake.Existing investor, Tiger Global Management had put in R185 Cr in Caratlane Trading, the http://diligentmecca6957.over-blog.com/2015/06/unexpected-places-to-find-handmade-jewelry.html company running online jewellery portal, Caratlane.com

Equitas Finance, a NBFC part of the Chennai based Equitas Group, has raise R100 Cr from Franklin Templeton Mutual Fund by way of NCD's.

Read More...

New Delhi based HelpMeDoc, an online appointment portal for all medical needs, is in talks with VC firms to raise an undisclosed amount of Series A funding, to expand its footprint across India.

Read More...



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