Date:07/10/11,
Venture Capital,
Cross Border Deal,
craftsvilla.com, a handicraft and natural product e-commerce portal, receives early stage funding from Nexus Venture Partners and Lightspeed Venture Partners.
Kriba Handicrafts Pvt Ltd, which runs the website craftsvilla.com was co-founded in December by Manoj Gupta, who was earlier principal at Nexus Venture Partners. He has already intiated talks for second round of funding. According to a statement by Manoj, Kriba needs an investment of around Rs100Cr over the next 2-3 years for expansion.
The company has 500 vendors and more than 1,000 artisans supplying it products, including apparel, bags, jewellery, home furnishing, health and beauty accessories
Kriba Handicrafts Pvt Ltd, which runs the website craftsvilla.com was co-founded in December by Manoj Gupta, who was earlier principal at Nexus Venture Partners. He has already intiated talks for second round of funding. According to a statement by Manoj, Kriba needs an investment of around Rs100Cr over the next 2-3 years for expansion.
The company has 500 vendors and more than 1,000 artisans supplying it products, including apparel, bags, jewellery, home furnishing, health and beauty accessories
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