Company Name : icustommadeit
Funding Amount : $4 million
Investor(s) Times Group’s Brand Capital, Siddhivinayak Skyscrapers, Dinesh R. Challa.
Funding Round : Pre-Series A
Pune based bespoke products startup icustommadeit has raised $4 million from Times Group’s Brand Capital, Siddhivinayak Skyscrapers, an undisclosed corporate giant and Dinesh R. Challa, IIT Roorkee alumnus; in its Pre-series A funding round.
The company aims to use the funds to advertise its brand and offerings through various media publications of Bennett, Coleman. With this partnership, Icustommadeit seeks to expand presence in 18 target cities and also start its global operations.
Raj Iyer, Director and CMD of icustommadeit, said, “We are very confident and looking forward to create a high impact in the market by utilizing Times Group’s expansive outreach and matchless media mix. We are also in progressive talks with a few Venture capitalists for initiating a next round of funding within the next few months.”
Currently, the company offers an array of over 25000 products spread across 33 categories, claims the company. It had raised $250,000 each in its second and third round of angel funding in June and August 2015 respectively.