NEWS

News:Fashion Start-ups aren’t facing a fund crunch

In spite of the current fund crunch trend in the start-up space, fashion seems to be drawing a huge interest from investors.
Fashion Startups @LogicserveDigi

Fashion Startups @LogicserveDigi

They are currently in vogue. In spite of the current fund crunch trend in the start-up space, fashion seems to be drawing a huge interest from investors.  As per an article in ET, Fashion start-ups such as coutloot, shopwati etc. raised fund from various venture catalysts, IAN etc.

Roposo, backed by Tiger Global is supposed to have raised around $5 million in its second round of funding.  Industry experts attribute this to the growing online fashion market which is at Rs.7,000 crore.

Earlier it was just online giants such as Flipkart, Koovs, Jabong that were taking their share in the business. Currently, the fashion market is seeing entry of other specialised players like Abof, Ajio and small scale start-ups.  Industry insight suggests that the market can account for almost 35% of total online retail market by 2020.

Reference:  http://goo.gl/CFwBul

SHARE
We bring you the latest updates from the digital marketing world that you need to know
RELATED POSTS
Weekend Digital Media Round-up: Google Ads’ new ad position metrics, Facebook’s improved analytics, LinkedIn’s reoriented Campaign Manager and more…
logicserve digital logicnews @LogicserveDigi
Weekend Digital Media Round-up: Google Pay, Facebook’s 3D posts, Twitter’s updated API usage rules and more..
News : Indian food chains go social to reach out to consumers cost effectively

Leave Your Reply

*