Sequoia, Leo Capital invest in Bulbulshop

Date posted: Wednesday 27 March 2019

Influencer-driven online commerce app Bulbulshop Shopping Network has raised Rs 14.05 crore (around $2.03 million) in a funding round led by 10XF, a Mauritius-headquartered entity of venture capital firm Sequoia Capital. Others who participated in the round include venture capital firm Leo Capital and its founder Rajul Garg, Sequoia Capital India Trust, and Mohan Krishna Lakhamraju. 10XF has injected Rs 10.46 crore while Leo Capital put in Rs 3.34 crore. Sequoia India Trust, Garg and Raju contributed a few lakhs each in Bulbul.

(Dealstreet Asia)