Company Name : IMbesharam
Funding Amount : $4 million
Investor(s) Pavel Vassiliev, Rafiq Hirani
Funding Round : Series A
An e-store for adult products, IMbesharam has raised $4 million in Series A funding from two US based angel investors including Pavel Vassiliev and Rafiq Hirani.
With the raised funds, the company plans to launch US store which will cater to Indian audiences in US & Canada, set up four warehouses in India, hire talent in India and US and launch a completely responsive site.
Founded in 2011 by Salim Rajan (CEO) and Raj Armani (COO), the startup also plans to use $1 million for marketing campaign. The firm plans to raise another $4 million by the third quarter.[source]