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Sherpalo Ventures, KPCB buy 15% stake in FutureBazaar.com

Sherpalo Ventures and Kleiner Perkins Caufield & Byers (KPCB) have together picked up 15 per cent stake in the Future Group’s e-commerce portal FutureBazaar.com, reports ContentSutra quoting Ram Shriram, founder of Sherpalo Ventures.

Sherpalo Ventures and Kleiner Perkins Caufield & Byers (KPCB) have together picked up 15 per cent stake in the Future Group’s e-commerce portal FutureBazaar.com, reports ContentSutra quoting Ram Shriram, founder of Sherpalo Ventures.

According to Ram Shriram, the investment is being made in the hybrid offline-online e-commerce model. Kishore Biyani’s Future Group (Pantaloon), one of the largest retail companies in India, was recently looking to raise $20-30 million for FutureBazaar.com by diluting 10-15 per cent stake.

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