Demonetisation was a huge blow to the ecommerce space, but things are looking up now. That’s the word coming in from Lord Waheed Ali, Executive Chairman of Koovs, an online shopping portal for apparel. Speaking to CNBC-TV18's Ashpreet Sethi he also said that company is looking to raise around 23 million pounds this year.

I have seen some reports that say we are looking for about 50 million pounds, I think that would be the region that we are looking at, probably we would want something like 22-23 million pounds this year to help us in expansion, he said.

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