Freecultr, an online apparel start-up launched two weeks earlier.

India-based online clothing retailer Smile Group has seen one of its incubated portfolio companies raise $4m from venture capital firm Sequoia Capital.

Freecultr, an online apparel start-up launched two weeks before the funding.

Sequoia previously invested in Smile’s Fashionandyou.com, which has raised $48m, while corporate venturing units including Nokia Growth Partners and Intel Capital backed its sister site, Dealsandyou.com, with $17m.

France-based bank Crédit Agricole has spun off its venture capital unit so it can invest in more local companies.

Investment…

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