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Koovs to call in administrators as Future Lifestyle fails to invest $8.3 mn
Future Lifestyle Fashions, a part of Future Group, India's largest retail firm, is Koovs' largest investor
Kishore Biyani's Future Lifestyle to buy 29.9% stake in Koovs.com
Future Group is among India's leading consumer goods companies with brands and retail networks in the fashion, food and homeware segments
Koovs raises $16 million from Times Group, other investors
The online shopping firm said the fundraising is part of a three-year program to secure $43.3 million, reports Tech in Asia