Thursday, 31 January 2013
Deal Alert: Fashion e-tailer Zovi raises $10-M from SAIF, Tiger Global; acquires Inkfruit
Posted on 20:02 by Unknown
Bangalore-based online fashion retailer Zovi has acquired Mumbai-based rival firm Inkfruit. Tiger Global and SAlF have pumped $10 million into Zovi post the merger.
The SAIF incubated Zovi is an online private label brand modeled along China's blockbuster online fashion brand VANCL. This third round of investment brings the total funding raised by Zovi to $25 million.
Inkfruit is a
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