Company Name : Wooplr
Funding Amount : Undisclosed
Investor(s) Naveen Tewari, Abhay Singhal, Amit Gupta.
Funding Round : Undisclosed
Fashion app Wooplr has secured undisclosed funding from Naveen Tewari, Abhay Singhal and Amit Gupta, all co-founders of InMobi, Piyush Shah, chief product officer at InMobi, Raghunandan G, co-founder of TaxiForSure and Rajiv Mehta, former CEO of Puma India.
Wooplr’s business model is quite different from other fashion marketplaces as it does not provide discounts on its products, rather focuses on trending and new fashions for women.
Arjun Zacharia, CEO, Wooplr, said, “Naveen and his team from InMobi, Raghu, and Rajiv have immense reputation and experience in their respective businesses and I am sure Wooplr will gain both in reputation and in knowledge from these folks. Their advice to the Board will add significant value to our leadership team. We already have 2 million women on the platform, 20,000 transactions a month, and the average bill size is Rs 1,200, almost double that of horizontal e-commerce players. Together as a team, we will continue our growth trajectory and hit $100 million GMV by 2018.”