Fashion marketplace, Voonik has raised $20 million in Series-B round of funding. Sequoia Capital led the round with participation from Times Internet, Seedfund, Beenos, Beenext, Parkwood Bespin, Tancom Investments and Kunal Shah.
Since its launch in August 2014, Voonik, has become the leader in the unbranded fashion category with 10 Million registered users, 8 Million app downloads, 100 Million Annual GMV and 13 Million annual revenue rate. Recently company has launched two other fashion platforms, Mr Voonik, an exclusive app for men fashion and Vilara, a market place for designers and boutiques.
Voonik had raised $500K in seed, $ 6.5 Million in series A and $ 20 Million in series B, making it a total of $27 Million in funding.
The funds will enable Voonik to enhance customer experience, strengthen their personalization engine, and to scale up Mr Voonik and Vilara.
The Voonik Story
Watch this insightful piece by Voonik cofounder, Sujayath on how they scaled up the company in just 3 years.