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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