US-based eShakti eyes third funding round for further growth

US-based eShakti, started by BG Krishnan as platform offering lifestyle products to NRIs is now fully focusing on clothing since its tunics and pants are getting a lot of attention from American customers as well. After raising around Rs 90 crores through earlier funding rounds, the company is looking at a third round of institutional capital in the first quarter of the next financial year to raise over 20 million dollars (over Rs 125 crores) to scale up its business.