Mercantila takes in $500K for retail site network
Mercantila, a San Francisco-based portal of related specialty retail web sites, has tacked $500,000 onto a now $2.5 million in convertible promissory notes and warrants, according to a filing with the SEC. The company is backed by Lightspeed Venture Partners, among others.
Mercantila lands $1M for retail site network
Mercantila, a San Francisco-based portal of related specialty retail web sites, has brought in $1 million in convertible notes from an undisclosed source. By “specialty” the company means niche — offering a springboard for e-commerce sites selling items like dog beds, massage tables, recumbent bikes, espresso machines and the like. All of these stores fall into four categories: home & kitchen, patio & garden, fitness & sports, and kids & baby — hardly everything you… Continue Reading
Lightspeed latest VC to invest in India — says total may reach $130M more in 3 years
Lightspeed Venture Partners may invest more than $130 million in India over the next two to three years, according to partner Ravi B. Mhatre, cited by VentureWire (sub required).
He was speaking after announcing the VC fund’s first two investments into companies having primary operations in India – $22.5 million in San Francisco-based online retailer Mercantila Inc. and $7 million in TutorVista, an online education company.