Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2015-04-29

Virtual home shopping brand Naaptol raises funds from Japan’s Mitsui

The funding round also saw participation from existing investors New Enterprise Associates (NEA), Canaan Partners and Saama Capital.

Naaptol Online Shopping Private Limited, a leading multi-channel home shopping company, has raised a new round of equity funding from Japanese conglomerate Mitsui & Co.

The funding round also saw participation from existing investors New Enterprise Associates (NEA), Canaan Partners and Saama Capital. Terms of the transaction were not disclosed.

Jefferies India Private Limited acted as Sole Financial Advisor to Naaptol.

Founded in 2008, twice VC funded firm Naaptol is a virtual home shopping brand. It offers services over multiple touch points including Print, TV and Web, Mobile App and Direct Marketing. Naaptol has presence across leading sales channels of television, internet and print. It facilitates sales of a gamut of products from a wide range of categories like electronics, apparel, jewellery to home and lifestyle products.

Manu Agarwal, founder and CEO, Naaptol, said, “Naaptol is at an important juncture in its evolution with a strong presence on television through advertisements on third party channels as well as on 24-hour television shopping channels. We are glad to partner with Mitsui & Co. as we expand our business in our journey to become the largest home shopping network in the country. Our existing investors NEA, Canaan and Saama Capital have also participated in the funding round and continue to demonstrate confidence in our business model. We plan to use the funds raised to upgrade our studio capabilities, expand the supply chain and invest in technology.”

Related opportunities
  • Ayurvedic, Herbal & Organic Products
    About:OMORFEE, an Indo – German venture of Bioruns Private Limited,..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 100 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About The KettleryAn exclusive tea centric brand offers innovatively designed products..
    Locations looking for expansion Gujarat
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Ahmedabad Gujarat
  • Drinking water supply
    Pride In every Drop, Indus Pride- Inviting Partners“INDUS PRIDE” is..
    Locations looking for expansion Rajasthan
    Establishment year 2000
    Franchising Launch Date 2012
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • About Maple Bear:-Who are we?Maple Bear combines the best of..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 20lac - 30lac
    Space required 3000 - 4000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
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