Disposable Gifts
Ferns N Petals gets Rs 200 cr funding from Lighthouse India Fund III
Gifting platform Ferns N Petals on Saturday said Lighthouse India Fund III has invested Rs 200 crore (USD 27 million) in it. The company plans to use the funds to invest in improving its systems and technology to enhance customer experience for all gifting occasions, Ferns N Petals (FnP) said in a statement. "We are very excited to partner with Lighthouse and look forward to learning from their deep consumer insights, developed through a focused investment approach," FnP Founder & Managing Director Vikaas Gutgutia said. The company, which operates through a network of over 400 franchised stores across India, also has operations in the UAE, Singapore, and Qatar and plans to further expand into Saudi Arabia, Malaysia, Indonesia, the Philippines and the UK soon. It expects a turnover of nearly Rs 600 crore in the current financial year. "With this fundraising, we plan to invest in improving our systems and technology to ensure a superlative customer experience for all gifting ...
 "Ferns N Petals gets Rs 200 cr funding from Lighthouse India Fund III")
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