UK-based online fashion player Koovs has confirmed that it has received a 3.3 million pounds (over Rs 30 crore) strategic investment from HT Media and Dragon Asia Holdings to fund its marketing and brand building activities in India. Koovs said it has issued 1.2 crore new ordinary shares at a price of 25 pence per ordinary share to HT Media translating to 8.2% stake in the enlarged issued share capital of the fashion portal. Read More
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