Valyoo Technologies, the India-based electronic-commerce company behind the Jewelskart.com, Watchkart.com, Bagskart.com and Lenskart.com shopping portals, has raised R53 crores ($10m) in its series B round.
IDG Ventures India, the local corporate venturing unit of US-based publisher International Data Group that is raising $175m for its second fund, reinvested in the B round alongside Unilazer Ventures, a family office of UTV founder and chairman Ronnie Screwvala.
Signal Hill advised Valyoo on its B round, according to news provider VCCircle.
In November 2011, Valyoo raised $4m of series A funding from IDG Ventures India.