Online ethnic and jewelry store Craftsvilla has raised yet another Rs 6 crore tranche from Singapore based parent Supera Investments. Since December last year, the company had secured Rs 17 crore in the same manner. With this round, the total has gone up to Rs 23 crore, i.e. approximately $3.3 million as per prevailing exchange rates. Last year as well, the company had secures Rs 30 crore in similar fashion. Is Craftsvilla securing Rs 30 crore every year to survive in the market? (Source: MCA)
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