CBazaar raises funds to carry out international expansion

Chennai-based ethnic wear portal CBazaar.com, owned by Net Avenue Technologies, raised Rs 300-500 million from Forum Synergies and existing investors, Inventus Capital and @Ojas_Venture_P. The online store plans to utilize the funds to hire talent, enhance technology and expand into newer locations including the US, UK, Canada, South Africa and the Middle East.

Launched in 1998 as ChennaiBazaar, it originally started as a portal for gifting. After ChennaiBazaar's first saree sale in 2000, idea of launching CBazaar was conceptualised. CBazaar's primary aim is to make Indian ethnic fashion reachable to Indians residing across the globe. Features like availability of the latest Indian fashion collection, a provision to pay in the domestic currency, 24/7 customer service, customization and Design It Yourself (DIY) have made Cbazaar, a favorite Indian ethnic wear shopping destination among its loyal customers.

CBazaar offers a wide range of products for women, men and kids. The lines include sarees, salwar kameez, anarkali suits, lehengas, sherwani suits, kurta pyjamas , fusion wear and accessories. After acquiring HomeIndia.com, a traditional bridal wear specialist in 2007, CBazaar has also become an exclusive bridal wear shopping portal. The collection includes over 16,000 exquisite designs.