Social News XYZ     

Club Factory raises $100 mn in Series-D funding

Club Factory raises $100 mn in Series-D funding

New Delhi, Oct 11 (SocialNews.XYZ) E-commerce player Club Factory said on Friday that it has raised $100 million in a Series-D round funding led by leading venture capital firm Qiming Venture Partners. The other investors include Bertelsmann and IDG Capital.

Club Factory said in a statement that global markets, especially India, has become a major focus of the company.

Club Factory founder and Chief Executive Officer Vincent Lou said, "Our strategy to reduce the transaction costs of buyers and sellers and allow more local players to enter the ecosystem has worked very well for us in India."

 

Source: IANS

Facebook Comments
Club Factory raises $100 mn in Series-D funding

About Gopi Adusumilli

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc. He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources. When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any. He can be reached at gopi@socialnews.xyz

Advertisements

you're currently offline

%d bloggers like this: