Mar '16
Piyush Shah, Chief Product Officer at InMobi, Raghunandan G, co-founder, TaxiforSure and ex-Puma India CEO Rajiv Mehta also invested in Wooplr. Mehta will join Wooplr as Advisors to the Board.
Naveen and his team's experience in building scalable products like Miip, the InMobi discovery platform, can be leveraged by Wooplr to scale up its product and bring to life its vision of reaching 100 million women in India by 2020 (currently the platform is used by two million women), said the company in a release.
Raghunandan, co-founder of TFS will help the company to scale their fashion commerce efforts nationally while maintaining unit economics around orders.
Rajiv Mehta, ex-Managing Director-South Asia for Puma, is currently the CEO of Arvind Sports Lifestyle Ltd & Arvind Fashion Brands Ltd.
He will bring to Wooplr his strategic vision and global insights and help Wooplr to further strengthen their positioning in the fashion industry.
The new funds will be utilized for geographical expansion. Currently, the company has one office in Bengaluru and plans to set up offices in Delhi and Mumbai shortly.
Arjun Zacharia, CEO, Wooplr said, "The company already has two million women on the platform, and does 20,000 transactions a month, with and average bill size of Rs 1,200. This is almost twice that of horizontal e-commerce players. Together as a team, we will continue our growth trajectory and hit $100 million GMV by 2018."
Naveen Tewari, Founder & CEO, InMobi said, "I believe Wooplr is a unique product in the Indian market that has solved the fashion discovery problem for consumers & brands. This makes me confident that Wooplr has the capability to change the current paradigm in online commerce."
Wooplr is a fashion community and social commerce platform, co-founded by four former McAfee employees—Arjun Zacharia, Praveen Rajaretnam, Soumen Sarkar and Ankit Sabharwal—in March 2013.
Wooplr has gone on to become the Winner of the Google AppExpo 2014 and featured as Editors choice by Apple App Store and Google Play Store.
Bengaluru-based Wooplr raised $5 million from Helion Venture Partners a year ago. (SH)
Fibre2Fashion News Desk – India
Must ReadView All
Textiles | On 21st Apr 2018
ITC, ICS tie up to help Moroccan textile value chain
The International Trade Centre (ITC) has partnered with ICS, which...
Apparel/Garments | On 21st Apr 2018
Bangladesh garment manufacturers call for fair pricing
Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...
Textiles | On 21st Apr 2018
Pak ministry proposes extension to PM package for 2018-19
Pakistani textile ministry has reportedly proposed extending the...
Interviews View All
Anavila Misra
Anavila Collection
Fashion shows are also encouraging and highlighting sustainable fashion
Darshan Mehta
Infinium Polychem
We are spending double digit figures on R&D
Dinaz Madhukar
DLF Emporio and DLF Promenade
‘Each event and promotion is planned out keeping in mind the business of...
Idealin Fogging Systems has been engaged in designing and manufacturing...
Oswal Prints Private Limited has been manufacturing and exporting ethnic...
Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...
Urs Stalder
Sanitized AG
Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...
Paolo Ocleppo
Sandvik Hyperion
Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...
Larry L Kinn
Suominen Corporation
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
Madhu Jain
Madhu Jain
She grew up in the walled city of Old Delhi, completed her studies, and...
Wendell Rodricks
Wendell Rodricks
"We should not compare India and the West. There are things we do that...
Judy Frater
Somaiya Kala Vidya
Among the many honours showered on Frater, including Fulbright and Ford...
Leave your Comments
Recommended
Want to know what happened in the textile world this week? Watch now!
news category
Related Categories:
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
Yes No SkipActive Poll
Do you see sustainability as a route to business growth?
YesTotal Votes: 103
Do you think adopting a sustainable approach will be a profitable move for your business?
Yes No SkipActive Poll
Do you think the sustainability space has the needed tools and resources available for a business to lead change?
YesTotal Votes: 103
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
Yes No SkipActive Poll
Do you think adopting a sustainable approach will be a profitable move for your business?
YesTotal Votes: 103
Thanks for your valuable feedback. Claim your free latest sustainability e-book.
Active Poll
Do you want the world to know about your sustainability journey and your business’ environmental footprint?
YesTotal Votes: 103
E-News Insight
Latest News Update in Your Mail Box.
