There is a huge opportunity to bring supplies to global customers through a tech-enabled platform.

By Sarah Perez (Writer, TechCrunch)

Craftsvilla, a Mumbai-based startup that wants to become the “Etsy of Asia,” is announcing it has received a $1.5 million in new funding from Lightspeed Venture Partners and Nexus Venture Partners in India. The new round, closed in April, is an addition to a smaller, seed stage investment back in June 2011.

Like Etsy, Craftsvilla is a large, online marketplace unique handmade and handcrafted products. Currently, there are over 50,000 products from over 1,000 Indian sellers on its site, and it’s shipping to over 20 countries worldwide.

The site was founded in January 2011 by husband and wife team Manoj Gupta and Monica Gupta.

» Read the full article at TechCrunch.