VC Firms Boost Indian Online Crafts Retailer

Law360, New York (October 19, 2011, 5:23 PM EDT) -- Nexus Venture Partners and Lightspeed Venture Partners have invested early-stage funding in Craftsvilla.com, the biggest handcraft online marketplace in India, to help beef up its online technology and broaden its supply chain, the company announced Wednesday.

The investment bolsters growing technology and online retail portfolios at the two firms, both leaders in India's burgeoning venture capital scene. The pair also invested earlier this month in Craftsvilla's exclusive supplier, Kribha Handicrafts.

The size of the investment was not disclosed, though, both firms said their early-stage investments run...
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