Company Name : Jaypore
Funding Amount : $5 million
Funding Round : Angel round
An online platform for contemporary Indian apparel, jewelry, home accents and more, Jaypore has raised $5mm in its first round of institutional funding.
Aavishkaar, an innovator in early-stage investing made the investment recently. The raised funds will be
Puneet Chawla, CEO of Jaypore says, “We are encouraged by the multi-fold increase in demand from our audience in the current year, and will continue to focus on expanding the product offering including our own Jaypore private label. The funds secured now will be used primarily for investment in scaling up the technology platform, hiring quality talentand brand building.”
Jaypore is looking to strengthen its brand which has been built on the Indian heritage of quality craftsmanship, well curated collections, authenticity and a unique design aesthetic for a delightful all-round customer experience.
Founded in 2012, Jaypore aims to present Indian, craft based designs in a contemporary application, one which would appeal as much to a domestic and global audience. With a focus on reviving dying crafts and arts of India, Jaypore wants to create a highly scalable and sustainable business that promotes quality and can effect a positive economic change in India’s handloom and handicraft sectors.