Voonik has announced the acquisition of Dekkoh. Dekkoh was founded by Aditya Chalsani and Varun Mathew, as a fashion discovery platform that allows users to chat one-on-one with their own personal stylist…
Mr Voonik, the company claims comes with a highly advanced style recommendation engine, that promises to give a very relevant product selection to each consumer.
Early days were tough with no customers and sales. Voonik is now looking to grow from $80 Million GMV to $550 Million GMV and end the FY16-17 with profit.
Fashion marketplace for women, Voonik is set to launch its men’s fashion app and so has acquihired Getsty, a curator of personalised fashion for men. The acquihiring will help Voonik to leverage its existing customer base, its supplier network and its recommendation engine to speed up its own men’s offering.
Having already clocked 3.5 million app downloads, the Voonik team decided that the best way to capture a larger market share is to open its doors to a wider target audience across web and mobile.