Canvera, a leading and fully integrated Photography Company, has successfully raised Rs. 15 crores, from the existing investor Info Edge this month, to support aggressive growth plans and product development.
These funds will support aggressive growth plans & product development. This is a strong validation of Canvera’s vertically integrated business model & traction in the marketplace.
It supports the professional photographers with integrated online solutions across 700 plus cities all over India. It even took a significant position recently, in the B2C online classified space.
It supports the consumers in finding & signing relevant photographers to meet their photography needs. Canvera is consolidating its leadership position in the photography market in India by bringing a variety of innovative products and services.
Canvera CEO, Ranjit Yadav said, “Canvera is best placed as a vertical player in the photography eco-system. We see momentum across all the different product lines and businesses. Canvera is a pioneer in the photography space and will continue to work on bringing innovation to the photography industry. Canvera will delight consumers and photographers with best in class offerings. It is great to partner with Info Edge in this journey.”
Chintan Thakkar, CFO of Info Edge, said, “Info Edge sees positive traction in the initiatives undertaken by Canvera. The photography market is underserved and Canvera is well set-up to realise these opportunities with the new CEO at its helm. Info Edge has invested Rs.15 crores in an internal round to support Canvera’s business growth and product development.”
By Phani Ch
