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November 21, 2013

Deal Alert: TVC Skyshop raises addl INR 10 Cr from Morpheus Fund; expands to the Middle East

Morpheus fund, which had invested INR 42 Cr in the multi-channel virtual retailer TVC Skyshop in August for a stake of 8%, had recently invested additional INR 10 Cr in the company. With the funding, TVC SkyShop has also expanded its footprints in the Middle East region through a pilot project. Samara Capital had invested in TVC Skyshop in 2007 and holds a 22% stake in the company.

Source: Iamwire

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