IDG Ventures India Participates in a Series C Funding Round for Zivame (Asia)

Source: Zivame

India-based online lingerie retailer Zivame has raised a INR2.5 billion (approximately US$38 million) Series C investment round from venture capital fund Zodius Technology Fund and Government of Malaysia investment fund Khazanah Nasional Berhad. Venture capital firms IDG Ventures India, Unilazer and Kalaari Capital, all existing investors in the company, also participated in the round. Zivame will use the new funds to expand its customer base, strengthen its merchandise offering and increase consumer its touch points.