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Lime Road Gets $15 Million Funding

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LimeRoad has closed $15 million in funding, which it says is one of the largest Series B rounds secured by an online commerce company in India. Investment was led by Tiger Global, with participation from returning investors Lightspeed Venture Partners and Matrix Partners India.

LimeRoad, a social discovery platform targeted to female shoppers, says that it plans to use the capital to grow its site, as well as its Android app, which launched today to reach India’s nearly 100 million smartphone users.

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