Club Factory raises $100 mn in Series-D funding

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New Delhi, Oct 11 (IANS) E-commerce player Club Factory said on Friday that it has raised $100 million in a Series-D round funding led by leading venture capital firm Qiming Venture Partners. The other investors include Bertelsmann and IDG Capital.

Club Factory said in a statement that global markets, especially India, has become a major focus of the company.

Club Factory founder and Chief Executive Officer Vincent Lou said, “Our strategy to reduce the transaction costs of buyers and sellers and allow more local players to enter the ecosystem has worked very well for us in India.”

–IANS

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