E-commerce company Valyoo Technologies raised $4m of series A funding on Monday from IDG Ventures India, the India-based corporate venturing subsidiary of technology, media and research corporation the International Data Group.
Founded in 2008, Valyoo has since launched fashion accessory-focused online retail sites including Lenskart.com, Bagskart.com and Watchkart.com.
TC Meenakshisundaram, managing director of IDG Ventures India, said: "IDG Ventures India helps entrepreneurs build category-leading companies in India, and globally. Valyoo’s young and passionate team with deep domain knowledge and strong customer focus will give it an edge to succeed in the crowded e-commerce sector."