LimeRoad, a scrapbooking and online social discovery platform for women has raised $30 Million in Series C financing, led by Tiger Global, with participation from existing investors Lightspeed Venture Partners and Matrix Partners India.
This raise is within ten months of its Series B financing of $15mn, ramping up total funds raised to USD 45 Million in the past one year.
“We grew GMV 6x in the last 12 months, thanks to our passionate users who visited our app over 38 times in the last six months. As a result 80-85% of our orders come from organic traffic.”
The community posted more than 1.5 million style statements as “scrapbooks” last month alone, with per day postings reaching 100,000+, achieving 100x growth in less than 12 months. [Suchi Mukherjee,CEO]
LimeRoad was founded by Suchi Mukherjee, Prashant Malik and Ankush Mehra who previously held leadership roles at eBay, Skype, Facebook, Samsung and Reliance Hypermarkets.