Deals this week: UNTUCKit, Yellow Drive Technologies, istyle
UNTUCKit has obtained venture financing of $30m from Kleiner Perkins Caufield & Byers.
Based in the US, UNTUCKit is a men’s shirts designer and retailer.
The funding will be used to open new retail stores, expand women’s product line and launch kids apparel.
Indian used car trading platform provider Yellow Drive Technologies has raised $1m in seed funding from an investor group led by Blume Ventures.
Operating as Spinny, Yellow Drive Technologies intends to invest the funds in its technology platform and open retail hubs.
Other investors in the deal included Indian Angel Network Services, Kunal Shah and Sandeep Tandon.
istyle plans to raise funds through issue of 4.2 million shares to public in an estimated JPY4.36bn ($39.31m) deal.
The proceeds are intended to repay loans and fund potential acquisitions.
Based in Japan, istyle operates web portals focused on cosmetic products.