MoneyWorks4Me

LatestOne gets additional funding of Rs 20 crore from Palred Technologies

23 Dec 2015 Evaluate

LatestOne.com, India’s No. 1 Tech Accessories online store has received additional funding of Rs 20 crore from its existing investor, Palred Technologies (PTL), bringing in a total investment of Rs 50 crore. The company will use funding to ramp up operations to 6,000 orders per day and establish its third warehouse in Mumbai.

Launched in June 2014 by Reddy, Latestone.com offers a one-stop complete solution in tech accessories such as mobile covers, tablet accessories, cables, power banks, Android TVs and CCTVs. It’s the only public listed e-commerce platform in the country.

Peers
Company Name CMP
TCS 2106.00
Infosys 1029.80
HCL Technologies 1270.00
Wipro 165.50
Tech Mahindra 1550.10
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