4 rising startups in India – Sept. 6, 2016

Photo credit: srapulsar38 / 123RF.

Fashion funding in India continues this week, while an eyewear company, gifting platform, and real estate acquisition fill out our list of funded startups for the week.

Lenskart

Photo credit: Craig Garner.

Ratan Tata-backed online and offline eyewear retailer Lenskart has garnered an undisclosed amount of funding from PremjiInvest, private investment arm of Wipro Ltd chairman Azim Premj.

The startup raised a hefty series D round in May. Its goal is to continue to grow through both online and offline channels.

According to founder and CEO Peyush Bansal, the investment, advised by Avendus Capital, served primarily as a way to bring PremjiInvest to Lenskart.

CheersOye

Photo credit: Pixabay.

Mumbai-based CheersOye, a social gifting portal, has raised angel funding from a group of affluent individuals. The investment amount was under US$500,000.

Founded last year by Bhavna Lalchandani and Rahul Shrivastava, the startup allows people to send others meals, drinks, salon, or spa vouchers via email or SMS. The gift recipients may then redeem their gifts at one of the company’s 1,000 partner vendors.

CheersOye plans to create a one-click joining process for merchants and to have 20,000 partner merchants by 2019.

Gifting site Woohoo raised funding in July. Through Woohoo, users in 500 Indian cities can buy and send giftcards to over 10,000 vendors.

eShakti

PropTiger