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First Published: Mon, Jan 06 2014. 03 58 PM IST

Ronnie Screwvala’s Unilazer Ventures picks up 25% stake in EkStop Shop

Company says the investment is in line with its strategic approach towards building e-commerce verticals
Ronnie Screwvala’s Unilazer Ventures picks up 25% stake in EkStop Shop
A file photo of Ronnie Screwvala. Photo: Abhijit Bhatlekar/Mint
Mumbai: Ronnie Screwvala’s Unilazer Ventures Ltd has picked up a 25% stake in e-grocery retailer EkStop Shop Pvt. Ltd for an undisclosed amount, the company said on Monday.
In December, Unilazer had invested $6 million in Zivame.com, an Internet portal that sells lingerie. Unilazer’s other investments in the e-commerce space include a technology company Valyoo Technologies Pvt. Ltd, which has brands like online shopping portal lenskart.com.
EkStop.com launched its services across Mumbai city last year and expects to extend its services to Navi Mumbai soon.
The e-grocer has partnered with more than 500 brands to offer over 8,000 products and has in-house logistics and warehousing capabilities.
“This latest investment is in line with the company’s strategic approach towards building e-commerce verticals with potential for exponential growth and scalability,” Unilazer said in a press statement.
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First Published: Mon, Jan 06 2014. 03 58 PM IST
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