Binny Bansal leads $1 million funding in House of Masaba

Celebrity fashion designer Masaba Gupta's Mumbai-based luxury label brand House of Masaba has raised $1 million in its first-ever external funding. The angel funding was led by Flipkart Co-founder Binny Bansal, with participation from Patni Group's Apoorva Patni and Salarpuria Group's Apurva Salarpuria, among others. Founded in 2009, House of Masaba operates 11 exclusive brand outlets in India.