Art, Hermés handbags remain high on shopping list of UHNIs
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Last Updated: Mar 01, 2021, 09:22 AM IST
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Agencies
Luxury categories remained largely unaffected by the pandemic, as personal safety and long-term security became sought-after commodities for the ultra-wealthy.
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“Covid-19 had a huge impact on the global marketplace for luxury investments in 2020 . Compared to other passion investments, luxury handbags were the best performing asset class,” says Andrew Shirley, editor of The Wealth Report and the Knight Frank Luxury Investment Index.
Shirley added, “The ever-increasing category of luxury handbags outperforms art, classic cars and even fine wine to claim number one position in the index.”
Shiprocket raises $27 million in new funding round
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Last Updated: Feb 18, 2021, 08:08 AM IST
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Synopsis
Shiprocket, an e-commerce logistics platform, says it will use the funding for development of its product roadmap, including hiring talent, and global expansion.
ETtech
Bengaluru: New Delhi-based logistics aggregator Shiprocket has raised $27 million in a mix of primary and secondary capital as part of its new funding round led by US-based venture capitalists Tribe Capital and March Capital. DST Global’s Rahul Mehta and Bertelsmann India Investments were the other participants in the funding round.
The round gives an exit to some early investors in the company with returns ranging between six-seven times, the company said. The fundraising also brings the total capital raised by the eight-year-old company to $53 million.
Shiprocket, an e-commerce shipping platform that enables fast and cost-effective shipping for D2C (direct to consumer) retailers has raised $27 million in Series C3 funding. The round was co-led by Tribe Capital, a leading Silicon Valley-based venture capital firm, along with March Capital, a Santa Monica-based venture growth firm. Rahul Mehta of DST Global also participated in the round along with existing investor Bertelsmann India Investments. The latest infusion of capital brings Delhi-based Shiprocket’s total funding to $53 million. The investment will fuel Shiprocket’s aggressive product development roadmap, which includes hiring top talent across product, data, and engineering functions. The funds will also focus on the company’s new strategic initiatives, including expanding globally.
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