In 'Series A1', Foxy's Parent Company EkAnek Networks Raises Rs 40 Crore

EkAnek Networks, parent company of Foxy, announced it has raised Rs 40 crore in its 'Series A1' investment round. The funding round was led by Alpha Wave Incubation (AWI) with existing investors - Matrix Partners India, Sequoia Capital India, and Lightspeed India - also taking part. Navroz Udwadia, co-founder of Falcon Edge Capital, said, “Foxy will offer mobile-first consumers a differentiated approach to supply, curation, and fulfillment of beauty products.”