Home / Knowledge / News / Apparel/Garments / Fynd raises follow-up funds of $500k from Rocketship
Fynd raises follow-up funds of $500k from Rocketship
18
May '17
Underlining its commitment to superior customer experiences with real time fashion discovery, Fynd, the unique fashion e-commerce portal, has raised follow-up funds of $500,000 from Silicon Valley-based Rocketship. Fynd seeks to utilise the funds to strengthen its tech backbone, optimise its operations and enhance its customer offerings and strategies.

The new capital has been raised in an extension of the Series A funding round wherein the fashion e-commerce portal had raised $500,000 from Venture Catalysts in March 2017. Fynd will leverage the VC firm’s expertise in data mining and machine learning capabilities to emerge as a household name in the fashion e-commerce space.

The Series A funding comes close on the heels of the company’s undisclosed amount of capital raised from Snapdeal’s former chief product officer, Anand Chandrasekaran, Rajiv Mehta, chief executive officer of Arvind Sports Lifestyle and Ramakant Sharma, ex- VP Engineering, Myntra and co-founder of Livspace.

Currently, Fynd has 3.5 million styles live on its app and website and soon plans to roll out 3.5 million units more. Fynd also holds the largest inventory and offers a variety of styles from different categories. Through its technology and constant innovations, the fashion portal has been able to scale up in a successful manner.

Commenting on the follow-up funds received, Fynd co-founder, Harsh Shah said, “This follow-up investment proves that our compelling vision of emerging as the one-stop fashion e-commerce portal is soon to become a reality. Rocketship is the perfect match to help take Fynd to its next level of growth. The VC firm will help create value for Fynd by regularly monitoring our data, comparing it with our competitors and the market and sharing their insights with us.”

Sailesh Ramakrishnan, partner, Rocketship said, ”Fynd unlocks the inventory in the store to get you exactly what you need with the convenience of an app. They are revolutionising offline to online retail! Through its technology and constant innovations, it has tremendous potential in the Indian market. With further infusion of funds, Fynd is sure to disrupt the fashion e-commerce space.” (SV)

Fibre2Fashion News Desk – India


Interviews View All

Headhonchos, Indian textile value chain

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Sanjay Yagnik, Maa Tex Speciality

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Riddhika Shah, SS Homme

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Valter De Carli,

Valter De Carli

Savio Macchine Tessili is at the head of a group that holds a know-how of...

Davide Maccabruni,

Davide Maccabruni

Schärer Schweiter Mettler (SSM) manufactures and supplies textile...

Abhishek Pachauri,

Abhishek Pachauri

Reckon Industries is into manufacturing of textile process house machines, ...

Kerem Durdag, Biovation II LLC

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Justin Chan & Shyam Gollakota, University of Washington

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Akta Adani, India Boulevard

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Anisha Chaudhari, Threads & Shirts

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Chandani Sahi, By Chandani

Chandani Sahi
By Chandani

By Chandani is a womenswear prêt couture brand with fusion silhouettes by...

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

Leave your Comments


November 2019

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

Follow us on instagram

Follow

Follow Fibre2Fashion On


Advanced Search