1. Accel Partners & Tiger Global Invest $6M In E-com Startup Zansaar

    Bangalore-based e-tailer of home décor products Zansaar.com has raised $6 million funding from Accel Partners and Tiger Global, two of the most prolific venture capital and private equity investors in the Indian e-commerce sector. As per the official release, the money raised will be utilised by Zansaar towards meeting its working capital requirements and supporting organic growth, planned for the coming months. Part of the capital will be also used for maintaining inventory and meeting marketing expenses. Speaking about the investment, Subrata Mitra, Partner at Accel Partners, said, “We think very highly of the Zansaar team and are confident ...
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