India-based e-commerce company Valyoo Technologies has secured Rs 1.35bn ($21.3m) in series C funding from investors including IDG Ventures India, an affiliate fund of publisher IDG, Economic Times reported on Friday.
The round included private equity firms TGP Growth and TR Capital, the latter of which specialises in secondary transactions, and valued the company at about $100m, up from $80m pre-investment.
Valyoo previously raised $10m in a February 2013 series B round backed by IDG Ventures India and Unilazer Ventures, a family office of Ronnie Screwvala, the founder of media company UTV. IDG Ventures India also invested $4m for Valyoo’s series A round in 2011.
Founded in 2010 by former Microsoft executive Peyush Bansal, Valyoo operates a range of single category e-commerce portals such as Lenskart.com, Bagskart.com and Watchkart.com.