Voonik raises $6M in Series B funding from RB Investments and Sequoia Capital

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Voonik is a personal-stylist led online marketplace for fashion

Bengaluru – Feb 09, 2017. RedNewswire/-

Voonik is an online fashion marketplace providing a personal shopping platform that helps people dress well and within their budget, by offering style advice and hand-selected recommendations, based on the customer’s style preferences and body type. Shoppers can set their skin tone, body type and preferences into the platform and receive recommendations.

It has raised $6 million from Singapore-based RB Investments and existing investor Sequoia Capital. It has earlier raised $20 mn  in series B funding from Sequoia Capital, Seedfund, Beenos & Beenext in june 2016.

Prior to this it has raised $5 mn in series A funding from Sequoia Capital and Seedfund.  The newly raised funds will be utilized to scale up its men’s and premium segments.

It  has developed a 10,000-rule algorithm in-house in association with stylists to assist shoppers. Also developed an image recognition platform to assess the quality of fabric that sellers upload images of and claims to have an inventory of over 15lac products.

It Plans to integrate men’s collection to their platform after acqui-hiring GetSty in Feb 2016. In June 2016, acqui-hired 3 startups Picksilk, Styl, Zohraa to build its premium fashion product Vilara.

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