>>
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


Must ReadView All

Pic: Martin Good/Shutterstock

Textiles | On 26th Jun 2022

World services trade grows in Q2 2022, goods trade barometer flat: WTO

World services trade continued to grow into the 2022 second quarter,...

Pic: Shutterstock

Textiles | On 26th Jun 2022

EU, Bangladesh to form committee to ease customs clearance at ports

The European Union (EU) and Bangladesh recently agreed to form a...

Pic: Shutterstock

Textiles | On 26th Jun 2022

Vietnam central bank ready to pump more foreign currency into market

The State Bank of Vietnam will raise its interference in the foreign...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Ishak Aydin Ozturk,

Ishak Aydin Ozturk

<font face="Calibri, sans-serif">Innovative pioneer in textile production, ...

Bijou Kurien,

Bijou Kurien

A strong advocate for retailing in India, Retailers Association of India...

T Rajkumar,

T Rajkumar

<div>Confederation of Indian Textile Industry (CITI) being one of the...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Claudio Fracasso, FARÈ

Claudio Fracasso
FARÈ

Since 1970, Italy-based company FARÈ has been designing and manufacturing...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Barbara Biosah, Label - Dumebi

Barbara Biosah
Label - Dumebi

Label DUMEBI is a luxury womenswear brand specialising in unconventional...

Eirinn Hayhow, Label - Eirinn Hayhow

Eirinn Hayhow
Label - Eirinn Hayhow

Eirinn Hayhow, founder of her eponymous label, is renowned for creating...

Alvaro Mars, Label -  Alvaro Mars

Alvaro Mars
Label - Alvaro Mars

Alvaro Mars is designer of his eponymous and a non-binary brand that plays ...

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

ESTEEMED CLIENTS

Grasim Industries Limited
PVH Corporation
Midas Clothing Limited
Guess Europe Sagl,
Nandan Denim Limited
Boardriders Asia Sourcing Limited
Taiwan Textile Federation (TTF)
Eurofins BLC Leather Technology Centre Ltd
TESCO INTERNATIONAL SOURCING LIMITED
Tuyap Tum Fuarcilik Yapim A.S.
Varner AS Retail
Lectra Technologies India Pvt Ltd.
FULGAR SpA
Messe Frankfurt Exhibition GmbH
Helly Hansen Far East Ltd
BIANCA
The LYCRA Company Singapore  Pte. Ltd
Kern – Liebers Textile
Sateri (Jiujiang) Fiber Co.,Ltd
Walmart
The LYCRA Company Singapore  Pte. Ltd
CSGIA(China Screen Printing & Graphic Imaging Association)
Karl Mayer Textilmaschinenfabrik GmbH
X-Rite Asia Pacific Limited (HK)
Stahl Holdings B.V.,
SYNERGIES HONG KONG LIMITED
Groz-Beckert East Asia LLP
Lululemon Athletica Inc
Mayer & Cie. GmbH & Co. KG
G.A.S. unternehmenskommunikation gmbh
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Truetzschler India Private Limited
Alison Hayes Romania
BTC Textiles LLC
Mesdan SPA
K AND D ITMACH EXPOSITIONS LLP
China World International Exhibition Company Limited
Permoda(Koaj/Armi/Pronto/Bkul)
Palexpo SA
Lenzing Aktiengesellschaft - India
ITMA Services Pte Ltd
Seasalt Limited
Aleph Srl
International Sourcing Expo Australia
FESPA (Reigate)
OVS Hong Kong Sourcing Ltd.
ZAITEX spa
Rieter India Private Limited
Reiter India Private Limited
C;&A Sourcing International Ltd
Zünd Systemtechnik AG
Equinox Impex India
Lottmann Communications
The Top Form Brassiere Manufacturing Company Limited
KAS Direct Sourcing
G-Star Raw C.V.
Sainsbury's Argos Asia Limited
Colours India Inc
Benetton Group
Performance Days
Sportswear Company Spa
T.T. Limited
GERBER TECHNOLOGY LTD.
Recron Polyester from Reliance Industries Limited
Lenzing Aktiengesellschaft
BRINKMANN GMBH
UBM China (Shanghai)
NV Michel Van de Wiele
N9 World Technologies Private Limited
APLF Limited
KIABI
Tory Burch Hong Kong Ltd
Thai Trade Center
MAS Active / MAS Kreeda / MAS Bodyline
SHAHI Exports Pvt Ltd
TESTEX AG, Swiss Textile Testing Institute
Gatsby Africa
John Varvatos
IFF Media Ag - International Media Services
Itema Weaving (India) Private Limited
Indo Tex
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Huntsman (Singapore) Pte Ltd
Pt. Peraga Nusantara Jaya Sakti
Color Service s.r.l.
TEXVALLEY MARKET LIMITED
Loris Bellini S.r.l.
NITI Aayog
Bluesign Technologies Ag
International Textile Manufacturers Federation
Saurer Textile Solutions Pvt. Ltd.
Jiangsu Yingyang Nonwoven Machinery Company Limited
Kornit Digital Asia Pacific Ltd
Phong Phu international JSC (PPJ)
Decathlon
IKEA of Sweden AB
Arvind Limited
Cat Tuong Real Estate Group Joint Stock Company
Abit
Zydex Industries
Woolmark Services India Pvt. Ltd.
H. Stoll AG & Company KG
Sportmaster Ltd.
Centric Software
Esprit Europe Services GmbH
Asos
EUROVET ASIA LTD
Savio Macchine Tessili S.P.A.
Marzoli Machines Textile s.r.l.
Target Corporation (MN)
Chico’ FAS
Coats Digital Limited
Datatex Consulting Srl
Restoque S.A.
Maceton Limited
Applied DNA Sciences Inc
CGS Inc.
THE BOMBAY DYEING ;& MFG.CO. LTD
Weitmann & Konrad GmbH & Co. KG
Thai Acrylic Fibre Company Limited
Haelixa AG
Nihalani Events Management
Splash
Hirdaramani International Export Private Limited
EMBEE CORPORATION
J ;& P Coats
Meera Dyestuff Industries
GHCL LIMITED
IIGM Private Limited
Puma
Rayonese Textile Inc., Division de Culp Inc.
Lisa S.P.A.
Lifestyle
Jindal Worldwide Limited
Datacolor AG Europe
Dow Silicones Corporation
TÜYAP IHTISAS FUARLARI A.S.
Amazon China
Flainox S.r.l.
Rosset ;& Cia Limited
LC Waikiki
Newtech Textile Technology Development (Shanghai) Company Limited
Hela Clothing Pvt Ltd
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
USTER
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Green Fibre
Xtema - Thomas Lebherz Textilmaschinen
Infor (Hong Kong) Limited
Comasia Limited
Groz-Beckert KG
Aquarelle Clothing Limited
IDH – The Sustainable Trade Initiative
Italian Trade Commission
Tradewind International Servicing
Calvin Klein
Gap International Sourcing Limited
Under Armour Global Sourcing Ltd
Tchibo GmbH
Alix Partners
Copenhagen Fashion Summit
H;&M Hennes ;& Mauritz (Far East) Ltd
BIMBA ;& LOLA SL
COTTON COUNCIL INTERNATIONAL
Etam Group Strategy Hong Kong Limited
Aramark Uniform ;& Career Apparel, LLC
Inter Expo Center Ltd.
Page Industries Limited (Bangalore)
Recron Polyester from Reliance Industries Limited
JES MEDIA, INC
DyStar India Pvt. Ltd
Brückner Trockentechnik GmbH & Co. KG
Babyshop
Shanghai  Aige Exhibition Service Co., Ltd
Gokaldas Exports Limited
Eastman Chemical Company
Landmark Group
Indofil Industries Limited - Specialty & Performance Chemicals Division
Bluestem Global Sourcing Limited
Chori Company Limited
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
DuPont de Nemours, Inc.,
Tommy Hilfiger
Thermore (Far East) Ltd.
Vardhman Textile Ltd
Istanbul Fuarcilik A.S.
GIOVANNI BOZZETTO S.p.A.
EPCH
Brandix Lanka Limited
VNU Exhibitions Asia
Lacoste (Wanchai)
Desigual - ABASIC, S.A.
Shima Seiki Mfg. Ltd.
Officina Meccanica Dora Enrico Srl
Gloria Jeans
BTSR International S.P.A.
Messe Duesseldorf
Vianney Textil Hogar S.A. De C.V.

June 2022

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


Advanced Search