Company Name : Canvera
Funding Amount : Rs 15 crore
Investor(s) InfoEdge . .
Funding Round : Not Disclosed
Info Edge which is the parent company of Naukri, has made an investment of Rs 15 crore in online photography service Canvera. The investment was made at a pre-money valuation of Canvera at about Rs. 75 crore.
Info Edge had first invested Rs 35 crore for 23% stake in 2013, Rs 6 crore in January 2014, Rs 13.5 crore in March 2014 and Rs 10 crore in October 2014.
With this new investment, the overall investment from InfoEdge is Rs 90.1 crore and will now own 49% stake in Canvera.
Bangalore based Canvera, founded in 2007 lets users hire professional photographers based on location and occasion. The startup also provides photo printing solutions like photo books and coffee table books.
[source]
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