StalkBuyLove, fashion e-tailing platform for women, is raising around Rs 20.42 ($2.96 million) crore in a fresh funding round from a clutch of new and existing investors, reports TechCircle.
The new participating investors known at this point include Germany-based Blue Dynamic and Hong Kong-based Integrated Asset Management (Asia) Ltd. Existing investors Kalaari Capital, Singularity Ventures, Germany’s VCDE Venture Partners and Kabs Ventures have also participated.
The company, which will raise the sum in multiple tranches, has already secured a little over $1 million. The company’s last known major funding round was in late 2016 when it raised around $6 million in its Series A funding round led by Kalaari Capital. In the same year, it had raised an undisclosed amount in a funding round from 500 Startups and others.
Subsequently, in April last year, the company had raised $1 million in venture debt from Trifecta Capital. While the valuation at which the latest funds were raised could not be ascertained, in its Series A round, the startup was valued at roughly Rs 130-135 crore ($18.9-19.6 million).
StalkBuyLove was founded in 2013 by Rocket Internet executives Tushar Ahluwalia, Nishrit Shrivastva, Aashna Chopra and Shikha Ahluwalia. The startup sells curated women’s clothing and accessories. The company, which sells only its in-house labels, buys raw materials and creates prototypes based on fashion trends and uploads them on the website.