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March 07, 2013

Deal Alert: plans overseas expansion

Chennai-based e-commerce portal is planning to expand operations to the Middle and South-East Asian nations by the end of next fiscal. Currently, the US, India and the UK account for a chunk of the company’s sales.

The company began operations in the US and the UK , before entering the Indian market in 2011. The online portal specialises in Indian ethnic wear. It raised $3.5 million (around Rs.19 crore) funding from Inventus Capital and Ojas Ventures. 

Source: Business Line
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