Lightbox Partners, Vertex Venture invest $5 million in GreenDust

NEW DELHI: Investment firms Lightbox Partners and Vertex according to a person aware of the development. The investment takes infusion of Lightbox and Vertex into the company to about $10 million.

"This fund is part of the investment committed by our existing investors, who are working with us to raise the proposed $100 million in the coming months," said Hitendra Chaturvedi, founder of GreenDust.

GreenDust, which recently entered into a partnership with Snapdeal for handling the latter’s reverse logistics, is eyeing similar collaborations both in India and overseas.