Company Name : StalkBuyLove
Funding Amount : Undisclosed
Investor(s) LITTLEROCK 500 Startups. Singularity Ventures.
Funding Round : Not Disclosed
A group of investors including LITTLEROCK, 500 Startups, Singularity Ventures and others have invested a 7-figure dollar amount in StalkBuyLove, an online fashion brand for young women.
“We have truly exciting times ahead of us: a) We are growing 8% month-on-month with a current gross-revenue run rate of $5m b) Our women-focused brand ‘StalkBuyLove’ leverages our unique supply structures to deliver a highly efficient supply model with realized gross margins of 70% and 12 full inventory turns a year c) Our JiT structures and data-driven fashion analytics ensures extremely low/ no discounts by getting the SKU-level purchase decision right – always! d) Our mobile app deepens our fast-fashion value proposition and has made our marketing twice as efficient,” says Tushar Ahluwalia, Co-Founder of StalkBuyLove.
The company will use the proceeds of this round to accelerate its growth, invest into its talent base and strengthen its supply and fulfillment structures further.
The startup was founded by Rocket Internet Alumni Tushar Ahluwalia, Nishrit Srivastva, Aashna Chopra and Fashion Expert Shikha Ahluwalia in 2013.