IDG finds Valyoo in its shopping cart

Nov 2, 2011 • Robert Lavine

IDG Ventures has invested $4m in the India-based e-commerce company.

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…

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