Chennai-based online retailer of Indian ethnic wear, Cbazaar, is planning second round of fundraising to drive expansion. Net Avenue Technologies Pvt Ltd that runs the portal is planning to go for Series B (second round of funding) in the next few months and working on a business plan for it. The second round of funds being raised will be used to drive expansion; the first was invested in technology, infrastructure upgradation and brand-building activities.
Cbazaar raised $3.5 million from Ojas Venture Partners and Inventus Capital Partners in April last year.
Source: Deccan Herald
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