Adult Products E-store, IMbesharam Raises $4 Million In Series A Funding Because India Is A Biggest Market For Selling Sex Toys

Company Name : IMbesharam
Funding Amount : $4 million
Investor(s) Pavel Vassiliev, Rafiq Hirani
Funding Round : Series A

An e-store for adult products, IMbesharam has raised $4 million in Series A funding from two US based angel investors including Pavel Vassiliev and Rafiq Hirani.
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With the raised funds, the company plans to launch US store which will cater to Indian audiences in US & Canada, set up four warehouses in India, hire talent in India and US and launch a completely responsive site.

Founded in 2011 by Salim Rajan (CEO) and Raj Armani (COO), the startup also plans to use $1 million for marketing campaign. The firm plans to raise another $4 million by the third quarter.