Mumbai, Oct 18 (PTI) Eyewear brand Cleardekho has raised USD 5 million (about Rs 41.19 crore) in a funding round led by domestic fund Sphiticap, which has infused USD 2.3 million.

The startup on Tuesday said it will use the funds to expand its operations and product development.

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The other investors who joined series-A funding round include Venture Catalysts, Dholakia Ventures, NB Ventures, Estrela Ventures, Cornerstone and others, Shivi Singh, founder of Cleardekho said.

The city-based Sphiticap is an early-stage venture capital fund that invests in a sector-agnostic manner. The fund has an investible corpus of USD 500 million, its managing partner Pallav Kumar Singh said.

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Cleardekho was founded in 2017 and operates over 100 stores across 40 cities.

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