Bangalore-based online photography startup, Canvera Digital Technologies, has raised $2.2 Mn (INR 15 Cr.) in a funding round from Info Edge (India) Ltd, which also runs consumer internet properties such as Naukri, 99acres, Jeevansathi and Shiksha, reported VCCircle.
Prior to this, Info Edge had also invested $5.3 Mn (INR 35 Cr.) in the company in 2012, about $680K (INR 4.5 Cr.) in 2013 and about $1.5 Mn (INR 10 Cr.) in 2014. With this, the ecommerce firm now owns a 49% stake in the startup, Info Edge said in a stock exchange filing.
Canvera has also raised undisclosed investment from Footprint Ventures, Draper Fisher Jurvetson, Mumbai Angels and two angel investors from the UK in 2008.
Founded in 2008 by Dhiraj Kacker and Peeyush Rai as a web-enabled photobook company, Canvera later in 2011 entered into associated ecommerce. The startup is an online photography company primarily focused on the needs of professional photographers through a platform that tightly integrates lead generation, web hosting, ecommerce, online collaboration, print and design services.
Besides Bangalore, the company also has regional offices in Chandigarh, Delhi, Kolkata, Chennai, Hyderabad, Ahmedabad and Mumbai.
Info Edge has earlier funded startups such as Zomato, Policybazaar and MyDala. Recently, the company had invested $4 Mn (INR 25 Cr.) in Meritnation.
Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.
The post Online Photography Startup, Canvera Digital, Raises $2.2 Mn Funding From Info Edge appeared first on Inc42 Magazine.