User:Aditi.ray/sandbox

Introduction
Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.

History
The company was co-founded by Manoj Gupta, a venture capitalist, and Monica Gupta in 2011 with funding from India-based Nexus Venture Partners and US-based Lightspeed Venture Partners. The startup was launched with 80 employees and five offices across India. By 2012, the startup completely exhausted the Rs10 crore series-A round of funding, following which it downsized to a 10-member team and continued operations out of a one-room office.

According to an article in Economic Times, the startup saw a 6% month on month growth in 2013 and 2014. In April 2015, Craftsvilla raised $18 million in a series B round of funding from Sequoia Capital India, Lightspeed Venture Partners, Nexus Venture Partners, Global Founders Capital and Apoletto. In November, the startup raised another $34 million in series C funding from the same investors. Following this fresh round of investments, the startup claimed to have seen a 10% month on month growth and hired close to 200 people.

In February 2016, Craftsvilla appointed Manish Kalra as its chief business officer. Kalra was the director of integrated marketing at Amazon India, responsible for overall marketing and building key Amazon brands like Amazon.in, Junglee.com and Kindle in the country.

According to a report in Times of India, the company is pegged at around $300-500 million in size. The startup claims to have over 25,000 artisans and designers selling over 4 million products. At present, Craftsvilla charges a 20% commission on each transaction excluding service tax.

Business Model
Craftsvilla.com uses a marketplace model by aggregating artisans, designers and retailers from all over India onto a single platform and successfully connects local artisans and designers directly to global customers. The model focuses on removing middlemen, increasing the livelihood of local artisans and designers, helping them create/promote their brand, preserve the Indian culture, traditions and values.

Acquisitions
In February 2016, Craftsvilla acquired on-demand shipping service provider startup Sendd for about $4.5 million, to strengthen and streamline its logistics capabilities. Mumbai-based Sendd was founded by Nav Agrawal, Sumit Wadhwa and Sargun Singh in April 2015. The company is backed by Kae Capital and after acquisition the firm will get an equity in Craftsvilla.

Sendd had its services in Mumbai and was enabling over 1,500 orders a day with average ticket size being INR 160, before getting acquired. Later in February, Craftsvilla acquired PlaceofOrigin, a marketplace for ethnic foods. The startup, founded by two ex-bankers Sudarsan Metla and Ashish Nichani in 2014, brings together food producers of Indian foods and local food specialties.

Tie-Ups
Craftsvilla has tied up with the Ministry of Textiles, Government of India, for e-marketing of handloom products from small weavers. As per this agreement, Craftsvilla has tied up with Weavesmart, an online marketplace that offers rich handloom weaves from across India.

Marketing Campaigns
In 2015, Craftsvilla launched a campaign to celebrate World Ethnic Day on June 19. It roped in Bollywood actress Vidya Balan as the face of the campaign. In the same year, Craftsvilla launched Miss Ethnic, an ongoing campaign, to promote ethnic wear among women. Bollywood actress Kareena Kapoor is the face of this campaign.