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The Indian ecommerce company StalkBuyLove has received millions of US dollars’ worth of funding.
The undisclosed 7-figure sum comes from venture capitalists such as Europe-based LittleRock, 500 Startups and Singularity Ventures.
The investment shows that the rest of the world is starting to see the potential of the Indian ecommerce market.
The Indian ecommerce market is currently worth 11 billion US dollars and is growing rapidly, with online sales expected to reach 220 billion US dollars by 2025 according to estimates by Merrill Lynch.
StalkBuyLove has said it will use the money to grow its reach, hire more staff and improve its supply and fulfilment structures.