Home / Knowledge / News / Fashion / Roposo raises $15 million from Tiger Global
Roposo raises $15 million from Tiger Global
18
Aug '15
Gurgaon-based Relevant e-solutions Pvt Ltd, the startup behind fashion-focused social network Roposo.com, has raised $15 million (around Rs 98 crore) from existing investor Tiger Global Management, it said in a press statement.

The US-based investor had injected $5 million in the startup earlier in March.

The company will use the funds to strengthen its team, build technological infrastructure, enhance and revamp the product.

The app, which is available for Android and iOS users, claims that it has more than 1 million active users. The app helps users discover specific products from more than 300 web stores and 4,000 brands.

Roposo.com is the brainchild of three IIT Delhi alumni, Mayank Bhangadia, Avinash Saxena and Kaushal Shubhank. Founded in December 2013, Roposo claims to offer fashion choices from across 300 webstores with categories such as apparels, footwear, accessories and lingerie. All products are curated and recommended for users as per individual tastes.

Discovery-led platforms are beginning to gain traction among young Indian consumers, especially in fashion, although, unlike the traditional e-commerce players, most of these ventures do not sell products directly to consumers. The basic proposition of this new tribe of startups is to generate user-generated content and build a social platform with a heavy focus on personalization, something even the older players like Myntra are starting to do after becoming app-only.

Tiger Global, which is one the most prolific investors backing the Indian consumer internet story, has also funded Limeroad — a social commerce venture which, unlike these discovery startups, also sells products through its platform. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Apparel/Garments | On 5th Dec 2016

EC proposes new tax rules to support e-commerce in EU

The European Commission (EC) has unveiled a series of measures to...

Apparel/Garments | On 5th Dec 2016

Traders to intensify adoption of digital payments

Adoption of digital payments in their existing business format would...

Textiles | On 5th Dec 2016

US textile & apparel exports down 6.44% in Jan-Sept ’16

The exports of textile and apparel from United States were down 6.44...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search