Canvera raises ₹8.6 crore in new funding round from Info Edge

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. https://twitter.com/ANI/status/1168037199767457792 Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Canvera, an online photography service platform, has raised about ₹8.6 crore in its new round of funding from Info Edge. With this follow-up investment, Info Edge now owns more than 62 percent stake in the company on a fully converted and diluted basis.

Before this funding round, Info Edge owned around 57 percent stake in Canvera, which provides digital printing solutions such as design services, usage of internet and software relating to photobooks, calendars and prints.

Info Edge invested ₹35 crore in the company for 23 percent stake in 2012. Later, it invested ₹6 crores in January and ₹13.5 crore in March and ₹10 crore in October, in the year 2014. This was followed by an investment of ₹20 crore in 2015.

Prior to that, in 2008, the company had also raised an undisclosed amount of funding from Footprint Ventures, Draper Fisher Jurvetson, Mumbai Angels and two UK-based angel investors.

The Bangalore-based startup was founded in 2007 by Dhiraj Kacker and Peeyush Rai as a photography company. However, the company decided to change its business plan, and entered the eCommerce segment in 2011.

Canvera enables users to search and hire professional photographers based on location and occasions like wedding, babies, fashion, corporate events, travel and nature.

Using the platform, users can privately or publicly host their photo albums and provides photo printing solutions like photo books, coffee table books, etc.

The company, which is headquartered in Bangalore, has regional offices in Chennai, Hyderabad, Ahmedabad, Delhi & Chandigarh. It has launched iOS & Android mobile applications that help in securely sharing digital versions of photobook.

It has also launched a desktop client named Compose that allows users to submit pre-designed orders online and its online Preview software allows online collaboration of photo book design with the designer.

For professional photographers, the portal offers various options to showcase portfolio, generate relevant business leads and also setup online photo stores with e-commerce integration.

- Advertisement -

Latest News

Saudi oil attack tests international community: MBS

Riyadh, Sep 18 (IANS) Saudi Arabia's Crown Prince Mohamed bin Salman on Wednesday called the attack on major oil...

Madirakshi Mundle: Mythological soaps can’t show fiction

Mumbai, Sep 18 (IANS) Be it playing Sita in "Siya Ke Ram" or Maa Lakshmi in her latest serial "Jag Jaanani Maa Vaishnodevi: Kahani...

Inflammatory, says Pak on Jaishankar’s remark on PoK

Islamabad, Sep 18 (IANS) Pakistan has condemned Indian Minister of External Affairs S. Jaishankar's statement that Pakistan Occupied Kashmir (PoK) is a part of...

Vinesh Phogat wins bronze at World C’ships, secures Oly spot

Nur-Sultan (Kazakhastan), Sep 18 (IANS) After becoming the first Indian wrestler to secure an Olympic quota for the 2020 Tokyo Games, Asian Games gold...

Bronze for Vinesh Phogat as she wins first World C’ships medal, confirms Olympic quota for India

--Indo-Asian News Servicebbh/kr Disclaimer This article is published directly through a syndicated feed and not edited by The Indian Wire staff.
- Advertisement -

More Articles Like This