Hotline: 1800 102 2007
X
Search Business Opportunities
2014-05-12

NDTV\'s Indianroots looks to secure external funding

NDTV Ethnic Retail Ltd, a subsidiary of media group NDTV that owns and operates ethnic wear-focused e-commerce venture Indianroots, is looking to raise external funding after its proposed Rs 10 crore fundraise from Rathi Strategic Ventures announced last year did not materialise.

NDTV Ethnic Retail Ltd, a subsidiary of media group NDTV that owns and operates ethnic wear-focused e-commerce venture Indianroots, is looking to raise external funding after its proposed Rs 10 crore fundraise from Rathi Strategic Ventures announced last year did not materialise.

 

Rathi Strategic Ventures is a Rathi Group company that invests in education and retail sector. It offers capital as well as mentoring to early stage ventures.

 

“Talks are on for a private placement at very attractive valuations,” NDTV said.

 

Launched in July last year, Indianroots is a curated marketplace that houses premium ethnic wear brands and designers like Sabyasachi, Raw Mangoes, Anita Dongre, Neeta Lulla, Indian Artizans and Karigari. Though the site also offers a few affordable labels like Chhabra Bros and Kurtawala, its primary value proposition is selling premium brands to Indians outside the country.

 

The firm also said its board has mandated the management to explore means of unlocking sum of parts shareholder value through various methods, including restructuring or private placement in NDTV Convergence Limited and/or other subsidiaries.

Related opportunities
  • Roman Island enjoys emphatics store presence in abundance in Dubai,..
    Locations looking for expansion Andhra Pardesh
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 600-1000 sq. ft. - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Andhra Pardesh
  • Preschools
    About: Doodleton is a high - quality, research-based. child-centric early learning progra..
    Locations looking for expansion Delhi
    Establishment year 2013
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • E-Commerce & Related
    MOS Utility Private Limited is offering franchise with high potential..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Malad west Maharashtra
  • Quick Service Restaurants
    About Us: Legends of Punjab serves exclusive North Indian food in..
    Locations looking for expansion Gujarat
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 3000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts