NDTV\'s Indianroots looks to secure external funding
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
  • Quick Service Restaurants
    About: Flying Kukkad is primarily a dark kitchen concept that delivers..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Beauty Salons
    About: ELLE Salon: A brand, devoted to fashion and trends, ELLE..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 0
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Entertainment & Leisure
    About: Toon Mart is a one shop for wide range of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Sweetshop
    About Us:  SweetSmith was conceived as India’s first dessert boutique, with..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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