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StalkBuyLove raises 6 million dollars to expand its business

Stalkbuylove has raised approximately 6 million dollars in Series A funding round

which is led by Kalaari Capital to enlarge its business market. Germany’s VCDE

venture partners and investment firm TTM Holding AG has also participated in the

round and invested in it, the company disclosed in its filings with Registrar of

companies. Existing investors of the company include Asia venture group, Asian E-

commerce alliance, Singularity ventures, kabs ventures and managing director of

Fabindia William Bissell as also invested in it.

StalkBuyLove is a startup company founded by Tushar Ahluwalia, Aashna Chopra,

Nishrit Srivastava and Shikha Ahluwalia. This startup sells out women’s

accessories and clothing, this is a company which sells private labels, buy raw

material and creates fashion trends and upload them on a website. The company

operates in a market dominated by Flipkart possessed online fashion amasses

Jabong and Myntra and which together control approximately 70 percent of

share. StalkBuyLove has raised its first funding round in March when fifty startups

and German venture fund Littlerock invested and posted 2 million dollars i.e. 14

crores in revenue for the financial year ended 2016 in comparison with 1 million

dollars for FY15. Fashion, especially of women, is one of the most competitive due

to the attendance of many brands and assemblers. As per the reports, fashion

business is lined up to cultivate to 35 million dollars by 2020 and is expected to

become the chief category ahead of consumer electronics. Kaalari has been the

active investor in online fashion commerce space and as a part of the deal; Kaalari

received an undisclosed stake in Flipkart.

Source: www.techcrunch.com

StalkBuyLove raises 6 million dollars to expand its business
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