HOME > BUSINESS > Mad(e) In India wants to raise Rs 30 cr for expansion

Mad(e) In India wants to raise Rs 30 cr for expansion

madindidiaLifestyle brand Mad(e) In India plans to raise Rs 30 crore as part of Series A funding by end of 2015 to scale up and augment its market presence and operations.

The firm uses a hybrid business model – both online and offline.

Mad(e) In India is a premium lifestyle brand headquartered in Mumbai. It started with a Facebook blog in March 2010, which talked about India and taking pride in being an Indian. Later in January 2013, it was formally launched and has three major consumer categories- Souvenirs, Gifting and Lifestyle accessories.

The total merchandise value of the company’s sales stands at Rs 2.26 cr. It has plans to become Rs 100 crore company in the next three years.

As part of its growth strategy, by 2020 the lifestyle brand plans to open 100 new outlets and be present across many multi-brand outlets across India. With its initial presence in Singapore, the brand plans to establish its footprints in Dubai and the US too in the current year.

Currently, apart from a significant online play, the premium brand has three of its own stores, presence across 21 multi-brand outlets, including India’s major international airports.

Follow ULTRA.news
India bitcoin law not ready yet – Finance Ministry Finance Minister Arun Jaitley said there was no law on the use of bitcoin and similar crypto currencies in India, and users of such currencies may not get recourse to legal remedies for any damage.However, Jaitely added that the government has set up a committee that is expec...
Yes Bank launches impulse buying app ‘Tap To Shop’ Trying to differentiate itself from regular ecommerce websites and apps, Yes Bank has launched an impulse buying app known as Tap To Shop.Unlike regular online shopping apps, Tap To Shop will be focused exclusively on delivering deals that are not available at most times. The...
SpiceJet enters offline retail, offers free tickets to Goa, Bangkok Airline SpiceJet said it has opened its first physical store under its new ‘SpiceStyle’ retail brand at Galleria Mall in Gurgaon, near Delhi.The launch of its first physical store marks SpiceStyle’s entry into the offline segment besides its ecommerce portal and a brand sto...
SpiceJet enters e-commerce business with Amazon SpiceJet, arguably the most aggressive low-cost carrier in India, has entered the e-commerce business with a new venture named 'SpiceStyle!' and also tied up with online giant Amazon.SpiceStyle.com mostly offers fashion itemsProducts from the company will be available vi...
DIPP writes to 250 corporates to partner on start-up incubators Department of Industrial Policy & Promotion has written to over 250 corporate houses in India, inviting them join it in setting up 70 start-up incubators across the country.Half of the centers will be set up in existing institutions -- such as the IITs -- while the other ...
Venture Capital firms seek validation for Modi’s policies in UP election BJP leader Uma Bharti at an election rallyPrivate equity and venture capital firms are largely bullish on India in the context of big economic reforms, but are awaiting the results of the ongoing Uttar Pradesh elections to assess the level of popular support that such polici...
Will OnePlus 3 from Flipkart get warranty support from manufacturer? OnePlus 3, arguably the most successful premium phone of 2016 in India, may not get warranty support from the manufacturer if purchased from Flipkart, going by a statement by the company.The company issued a statement that seemed to suggest that Flipkart's sale of the mod...
Housing.com says demonetization to hit Real Estate sales: re-enters rentals Anticipating a slow down in home sales in the coming months in the wake of the crackdown on 'black money', housing.com will restart its rental classifieds business soon.The portal, which had seen an ugly spat between founder Rahul Yadav and investors two years ago, had sh...
Nike starts online sales in India US sports goods manufacturer Nike has started online retail operations in India via its portal Nike.com.India-based users can now order from the global portal and have it home delivered.Earlier, only certain markets such as Australia, Hong Kong and Indonesia were bein...
NewU launches new beauty brand Jaquline USA Dabur India Ltd’s beauty retail venture, NewU said it was bringing the make-up and beauty brand -- Jaquline USA -- to India.The new brand Jaquline USA will feature a range of make-up & beauty products.“NewU is the first Indian company to enter the Nail Care and Styli...
Shoppers Stop opens new MAC, Mothercare outlets Indian retailing company Shoppers Stop Ltd. said it has opened one ´M.A.C´ door at New Delhi International Airport and one shop-in-shop ´Mothercare´ store at Orion Mall, Brigade Gateway Bengaluru."By opening these stores the company has now 40 M.A.C doors and 41 Mothercare st...
Venture Factory invites managers to join them and start their entrepreneurial journey Venture Factory, a Bangalore based venture builder platform, said it has introduced a entrepreneurial program which is aimed at middle and senior management level executives who will work under the company's payroll to setup their entrepreneurial venture.The program, christen...
Infibeam to offer Ecommerce solutions in Middle East & Africa Infibeam Incorporation Limited, a Indian ecommerce company, said it entered into licensing agreement and joint venture with Dubai-UAE based KSK capital for offering "e-commerce solutions to merchants and consumers" in about 40 countries in Middle East & Africa.It was ...
AMAZON DIWALI 2016 Sale : Top 10 MOBILE deals Amazon has kickstarted its 'Great Indian Fesival Sale' today morning and is offering some decent deals on mobile phones, especially smartphones, for those on the lookout for value.The most interesting offers are on the Moto range, followed by Samsung, Xiaomi and LeEco. ...
Flipkart Big Billion Day Mobile Sale: Xiaomi Mi5 @Rs 17,999; Moto X Style, Samsung A8 @Rs 19k; Le2 f... What do you do when your rival Amazon is holding its big holiday sale two days ahead of you? If you're Flipkart, you make sure that your customers know what's in store for them if they wait.According to clues we've picked up from the social media and other promotions, Flipkar...
Indians await Amazon, Flipkart offers for Diwali purchases – survey The upcoming festive season, beginning October 1 is likely to register record-breaking sales, revenues, and highest ever purchase rate per minute for e-commerce giants as most people have deferred their holiday purchasing plans in anticipation of blockbuster offers, an ASSOCHAM s...
Flipkart warns users about fake offers ahead of Big Billion Day Sale 2016 Flipkart, one of India's top online shopping sites, has warned users not to click on suspicious links or otherwise give credence to purported offers from the website seen on social media platforms."With the Flipkart Big Billion Days just round the corner, a host of fake o...
Tata CLiQ ecommerce website starts Diwali discounts and offers Tata group’s ecommerce venture CLiQ has announced its first festive season offers by providing exciting deals, new launches, flash sales, best price offers and bumper prizes for its customers."Tata CLiQ has earmarked 50% of its marketing budget for the one month long fest...
Ola adds support for Siri, Apple Maps to its cab hiring app Ola, one of India's largest cab aggregators, said it has integrated Siri andApple Maps to its mobile app for iOS 10.The company also  launched an app for Apple Watch users.Using just their voice iPhone and iPad users running iOS 10 can simply say, “Hey Siri, get me an Ola...
Mahindra invests in online agri-retail start-up Merakisan.com Mahindra & Mahindra´s agri solutions company Mahindra Univeg Pvt Ltd. said it has invested in Merakisan PVt. Ltd., an agri e-commerce start-up.Mahindra Univeg Pvt Ltd. is a 60:40 joint venture between Mahindra Agri Solutions Ltd. and and Belgium based Univeg (Greenyard Fo...
Chetan Bhagat’s “One Indian Girl” to start shipping on Sunday Chetans Bhagats new book, 'One Indian Girl' will start shipping on Sunday. The novel is now available for preorder on Amazon for Rs 119.The author announced the title of his new book last month .Bhagat had earlier said that the new book will be written in female first per...
Flipkart beats Amazon in a user survey India’s leading e-commerce marketplace, Flipkart has emerged as India’s most preferred e-commerce platform, the company said quoting "E-tailing Leadership Index" of research firm RedSeer Consulting."With an overall score of 95, Flipkart has been ranked ahead of players like ...
Quikr acquires Bangalore based Stepni Quikr, a online classifieds business, said it has acquired Stepni, a Bangalore-based platform that connects vehicle owners with service providers like mechanics, garages and car accessory outlets near them.The move strengthens the company’s service offerings under QuikrCa...
Samsung’s latest fitness band, ‘smart’ headphone up for preorder on Flipkart @ Rs.... Samsung's fitness devices -- Gear Fit2 fitness band and Gear IconX smart headphone -- are now available for pre-order on Flipkart.The devices were unveiled in India earlier this month and are priced in the Rs 13,490-13,990 range.The Gear Fit2 band is priced at Rs 13,990 a...
Future Retail adds 3 lakh sq ft retail space, shuts down ecommerce site Future Retail, one of the leading retail chains in India, has increased its retail floor space by 3 lakh square feet to 1.3 cr square feet during the April-June quarter this year, said the company.The company has increased its floor spaces in nine cities which includes Hydera...