Newsbytes
  • India
  • Business
  • World
  • Politics
  • Sports
  • Science
  • Entertainment
  • Auto
  • Lifestyle
  • Inspirational
  • Career
  • Bengaluru
  • Delhi
  • Mumbai
  • Videos
  • Find Cricket Statistics
Hindi
More
Newsbytes
Hindi
Newsbytes
User Placeholder

Hi,

Logout


India
Business
World
Politics
Sports
Science
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai
Videos
Find Cricket Statistics

More Links
  • Videos

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
  • Youtube
 
Home / News / Business News / Online retailer Bewakoof.com receives $11.28 million funding
  • Business

    Online retailer Bewakoof.com receives $11.28 million funding

    Written by
    YANTRA (Bot)
    Edited by
    Ratnakar Shukla
    Last updated on Oct 14, 2019, 07:11 pm
    Online retailer Bewakoof.com receives $11.28 million funding
  • Mumbai-based Bewakoof.com, the e-commerce platform which sells creative and distinctive fashion apparel at affordable prices, has raised $11.28 million funding in venture round.

    The latest investment was led by Bahrain's alternative investment products manager Investcorp, which has infused 90% of the funding amount and will be acquiring a 14% stake in the company.

    Here's all about the deal.

  • In this article
    Started with theme-based tees, sold over 1 crore products Bewakoof one of few profitable startups, says Investcorp's Gaurav Sharma Investcorp will be acquiring 14% stake in the company So, how the company will utilize the funds?
  • Bewakoof.com

    Started with theme-based tees, sold over 1 crore products

    Started with theme-based tees, sold over 1 crore products
  • Bewakoof.com was founded in 2011 by IITians Prabhkiran Singh and Siddharth Munot in Mumbai.

    The e-commerce company, which started off by selling theme-based T-shirts, now sells a wide variety of products including apparel, footwear, mobile covers, notebooks, and backpacks.

    As of now, it claims to have sold over 1 crore products and has over 60 lakh app downloads.

  • Words from investor

    Bewakoof one of few profitable startups, says Investcorp's Gaurav Sharma

    Bewakoof one of few profitable startups, says Investcorp's Gaurav Sharma
  • "This is the first institutional funding round in the company. The firm has, so far, worked with very little capital and has focused on its bottom line as well as its topline," said Gaurav Sharma, co-head of private equity at Investcorp India.

    He added that the Bewakoof.com is one of the few start-ups in India which has been profitable from the last four years.

  • Funding rounds

    Investcorp will be acquiring 14% stake in the company

    Investcorp will be acquiring 14% stake in the company
  • In the latest round, Bewakoof.com has received $11.28 million, 90% of which has been infused by Investcorp.

    Notably, the asset manager will receive a 14% stake and a board seat in the company.

    Before this, the start-up had received angel funding from Snapdeal co-founders Kunal Bahl and Rohit Bansal as well as former IDFC Securities MD, Nikhil Vora.

  • Information

    So, how the company will utilize the funds?

  • Bewakoof.com plans to use the fresh funds by investing in technology and bringing more product categories on to its online platform. The company is also planning to improve customer experience and hire new talent in the near future.

  • Bahrain
  • E-commerce
  • Kunal Bahl
  • Rohit Bansal
  •  
Latest News
  • SUV with explosives found near Mukesh Ambani's house
    SUV with explosives found near Mukesh Ambani's house
    Mumbai
  • Deliveries of 2021 Tata Safari SUV commence in India
    Deliveries of 2021 Tata Safari SUV commence in India
    Auto
  • Deepika Padukone mobbed, woman tries snatching her purse
    Deepika Padukone mobbed, woman tries snatching her purse
    Entertainment
  • Europa League, round of 16: Draw, fixtures and qualified teams
    Europa League, round of 16: Draw, fixtures and qualified teams
    Sports
  • SEBI says measures will be taken to rectify NSE glitch
    SEBI says measures will be taken to rectify NSE glitch
    Business
Trending Topics
Bharti Airtel Mukesh Ambani Flipkart WhatsApp Reliance Jio OPPO Isha Ambani
Next News Article
Share
Cancel

Want to share it with your friends too?

Facebook Whatsapp Twitter Linkedin
Copied

Love Business news?

Subscribe to stay updated.

Business Thumbnail
India News Business News World News Politics News Sports News Science News Entertainment News Auto News Lifestyle News Inspirational News
Career News Bengaluru News Delhi News Mumbai News Bharti Airtel Mukesh Ambani Indian Premier League Samsung Flipkart Virat Kohli
Rohit Sharma Cricket News YouTube Hollywood News WhatsApp Bollywood News ISRO Yoga Honda Batman
Football News BMW Vaccine Reliance Jio OPPO Food News, Healthy Recipes Royal Challengers Bangalore Toyota Fashion Tips Farmers Protest
Mercedes Barcelona La Liga Isha Ambani India Vs England Cricket OnePlus Mobiles Android TV Smart TV Bharat Bandh Deadpool
Marvel Comics Avengers Neha Kakkar Premier League
About Us Privacy Policy Terms & Conditions Contact Us News Reviews News Archive Topics Archive Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin Youtube
All rights reserved © NewsBytes 2021