Kalaari Capital and IDG Ventures Exit Zivame to Zodius Capital (Asia)
Source(s): Economic Times | Author(s): Supraja Srinivasan, Madhav Chanchani
India-focused technology investment firm Zodius Capital has reportedly increased its stake in India-based lingerie retailer Zivame to 45 percent by acquiring shares from India-focused venture capital firms Kalaari Capital and IDG Ventures India. Kalaari and IDG originally invested in Zivame in 2012. Financial details of the transaction were not disclosed.