Canvera.com, online photography service has managed to raise Rs 20 crore in Series B funding led by existing investor Info Edge, according to a report in the ETtech.com. There has also been participation from existing investors like Footprint Ventures and a few new investors, whose names have not been revealed.
Info Edge has invested an overall Rs 107.4 crore in Canvera across multiple rounds and owns a majority 57% stake in the company on a fully converted & diluted basis after this funding.
Dhiraj Kacker and Peeyush Rai who founded the company in late 2007, Canvera allows users to hire professional photographers on the basis of their location and occasion like wedding, babies, fashion events, corporate events, travel and nature.
It also offers photo printing solutions like photo books and coffee table books as part of its photography service. They claim to have 17,500 photographers across 1100 cities which are registered on its platform. There are further plans to invest the capital obtained in this round of funding in product development and to bolster its services across India.