India's fashion focused social network,
Roposo.com has announced that they have raised Series A investment led by the
technology venture investor Tiger Global. Previous investors, Indian Quotient
and Binny Bansal (Co-founder and COO - Flipkart.com) also participated in this
round.
Previously Roposo had raised their angel round from
India Quotient, 5 ideas Start up SuperFuel and Binny Bansal as an angel
investor.
Conceived as destination for fashion addicts,
Roposo.com, now presents fashion choices from across 150 webstores with
categories ranging from apparel, to footwear, to accessories and lingerie. All
of these products are curated and recommended to each user as per their
individual taste.
Co-Founder Mayank Bhangadia says, “ At roposo, we
have created a giant online playroom with millions of fashion products, and are
creating a hang-out for fashion addicts around it. We want roposo to be better
than Google and Facebook for fashion searches. We are sure serious fashion
seekers will make Roposo their default fashion search engine!"
Avinash Saxena, Co-Founder and CEO at roposo.com
says “Fashion discovery is an untouched space in India and our technology team
has come up with unique ways to make this search highly intuitive. With
browsers spending over 200 minutes on their platform, roposo.com is probably a
world leader in fashion search, and this funding will help us strengthen our
product further.”
This raise is more of a strategic play for roposo.com,
according to Co- Founder Kaushal Shubhank, “Brands and marketplaces are already
shifting from generic social platforms like Facebook to Roposo. Fashion-focused
brands like StalkBuyLove have an active profile on Roposo where they create
content stories since we have a huge fashion-seeking audience. With this raise,
we are well on our way to create the next big social network for fashion
addicts.”
Comments
Post a Comment