IDG dresses $37.8m series C for Zivame

Sep 4, 2015 • Thierry Heles

IDG Ventures India has returned to back the lingerie e-commerce company for a third time, bringing its total capital to about $47m.

India-based online lingerie retailer Zivame has raised a Rs 2.5bn ($37.8m) in a series C round backed by IDG Ventures India, the local venture capital affiliate of media company International Data Group, LiveMint reported yesterday.

The round also featured Khazanah Nasional, which acts as the sovereign wealth fund of Malaysia, and venture capital firms Zodius Capital, which invested through its Zodius Technology Fund, Unilazer Ventures and Kalaari Capital.

Founded in 2011, Zivame operates an online store for labels and own…

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