Canvera receives a $6.5 million investment

Deal Participants:
Company: Canvera View Profile Charts Homepage
Investors: Info Edge View Profile Charts Homepage
Draper Fisher Jurvetson View Profile Charts Homepage
Footprint Ventures View Profile Charts Homepage
the Mumbai Angels View Profile Charts Homepage
Deal Financials:
Investment Amount: $ 6.5 million
Series: B
Date:
Announced: Aug 28, 2012
Deal Links:
Press Release

PRESS RELEASE - Canvera receives a $6.5 million investment

Canvera.com, India’s leading online photography company, today announced that Info Edge, owner of Naukri.com, made an investment of $6.5M (Rs35CR) in the company. Info Edge has made a number of investments previously in companies such as Zomato, Meritnation, MyDala, PolicyBazaar, 99labels etc but this is their largest investment to date. “The Canvera team has done a fabulous job of building a world class photography brand addressing the unique challenges of India. With their key focus on operational excellence and building a great culture we saw in Canvera a reflection of Naukri in our early days which is why we made this investment,” said Sanjeev Bikchandani, Founder and Executive Vice Chairman, Info Edge. Dr. Dhiraj Kacker, CEO & Co-Founder of Canvera said, “Naukri's unique operating experience in building a scalable and highly profitable online business serving nearly every part of India is going to be invaluable as we scale the company to the next level. I am really excited to welcome Info Edge to Canvera.” With this round of funding Canvera has raised a total of approximately $13M (Rs70CR) in funding, the previous rounds coming from Footprint Ventures, DFJ & Mumbai Angels.

Edit History:
Aug 30 '12
This version submitted by howmania
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