DealTracker - Sherpalo Ventures and KPCB Invest In Futurebazaar.com
Posted on March 24th, 2008 by dhirender
Sherpalo Ventures and Kleiner Perkins Caufield & Byers (KPCB) have together picked up 15% stake in the Future Group’s
(Pantaloon) e-commerce portal Futurebazaar.com according to this post in ContentSutra.
The Future Group has the warehouses and the supply chain, and Futurebazaar.com will be offering the sale selection on the web.
While the amount invested remains under wraps, ContentSutra conjectures that it might be close to the $20-30 Million range, which in turn would value FutureBazaar.com at something like $133 - $200 million.
Filed under: Business, Deal Tracker