Noida based Valyoo Technologies, which currently owns a host of e-commerce ventures like watchkart.com, bagskart.com and most notably, lenskart.com, has raised a $22 Million Series C funding round, led by TPG Capital, TR Capital and existing investor IDG Ventures (via VCCircle).
Taking its current funding round into account, the company has now raised a close to $36 Million till date, and is valued at over $100 Million. The company provides products using category specific e-commerce websites like Lenskart.com (Onine optical store), watchkart.com and others.
Though the company is yet to respond to our e-mail, but VCCircle reports that the current fund-raising round would be used primarily for development of its flagship property, lenskart.com
The entire deal had been reportedly completed in November with Private Equity firm TPG pooling in INR 120 crores, TR Capital putting in INR 12 crores, and existing investor IDG ventures infusing a further INR 3 crores into the firm.
Valyoo Tech’s first funding was led by IDG ventures with a $4 Million Series A round. Post Series-A, the company raised a Series B round worth $12 Million led by Unilazer Ventures, an investment arm owned by popular media personality, Ronnie Screwvala.
