Snapdeal Founders Invest in Online Apparel Startup Bewakoof

Mumbai-based online apparel startup, Bewakoof has raised an undisclosed amount from Snapdeal founders Kunal Bahl and Rohit Bansal. Alongside Snapdeal founders, Former IDFC Securities Managing Director and co-Head of Research, Nikhil Vora has likewise put resources into individual capacity.

The organization was selling its product all alone's store and on marketplaces, however now it has chosen to change to a terminus model.

The startup has possessed the capacity to generate an annual sales run-rate of INR 20 crore and targets to achieve the USD 100 million in the next 5-7 years. Its revenue has grown 3 times in the past 6 months and in excess of 50 percent of its sales originates from mobile.

Prabhkiran Singh, fellow benefactor of Bewakoof.com said, "We switched on the grounds that this is the place the future is. India will skirt the composed retail revolution and the online retail will rise to be a bigger business. We accept that 30-40 major online fashion brands with USD 100m+ revenue will be made online. The strongest of brands will get to be ends for the customers and the others will rely on upon marketplaces for their distribution."

At one time, the organization had plans of raising INR 25 crore to expand its portfolio and expand its vicinity crosswise over block and-mortar retail stores crosswise over India. Begun in 2012 by Prabhkiran Singh and Siddharth Munot, the brand sells just on its website and shopping application, likewise has relationship with Bollywood for its merchandise.

In December, Snapdeal founders Kunal Bahl and Rohit Bansal had taken an interest in a USD 200,000 speculation round in a Delhi-based startup, Gigstart, an online gathering arranging commercial center.

Image Source: Bewakoof.com

Are you Water Literate? Why its important?

Water Literacy implies knowing where your water originates from and how you utilize it It's a basic concept yet information about how all your water is supplied can be exceptionally mind boggling. To begin with, conveying water to you is not simply conveying stream to the tap and toilet. Each thing in your house obliged water to be made, so you are encompassed by their embedded water cost. Food, clothes, furniture, electronics – everything costs water to produce. For instance, creating electricity is extremely water escalated. Dams require solid streaming rivers, coal and nuclear plants need billions of gallons to operate. Indeed, even solar panels oblige water to be produced. Contingent upon where your electricity originates from, it takes 6 to 12 gallons of water to produce one hour of force for a single 60 watt light. Water Literacy sets standards for water information that each young adult ought to know by age 18 as essential knowledge for healthy and fe...

Nearly 1000 startups expected to be funded in 2016: Report

The forecast depends on the run-rate seen in Q1 2016, and the contribution from first quarter to the yearly deal volume. There have been 255 deals till mid-April this year, said the report. 2016 will keep on being the year for startups as investment funds keep the money desiring a generally cash-compelled ecosystem. While financial speculators will keep subsidizing the startups, 'little is protected' is liable to be the characterizing theme for startup subsidizing, as deal size is relied upon to be much littler in contrast with the hyper subsidizing as of late, claims VCCEdge Q1CY2016 Startup India Funding Report. The year 2016, consequently, will be the year of solidification with startup valuations getting trimmed, early-stage financial specialists turning mindful and a general fixing of purse strings. The report characterizes startups as organizations that have reported raising an Angel or Seed-stage subsidizing, or a Venture Capital Round An or Round B in th...

Why odd-even doesn’t seem to be working this time?

The odd-even traffic policy has been actualized for the second time in the midst of huge public support for the first edition in January when residents of Delhi witnessed sliced traffic on Delhi's busiest stretches even however the impact on pollution has been sketchy. This time, be that as it may, things have not been as smooth even in the underlying stages. Huge traffic jams were witnessed on Monday on arterial stretches, for example, Akshardham, South Extension, Bhairon Marg, Azadpur, ITO (towards Vikas Marg), India Gate, Dhaula Kuan, Patel Nagar, Punjabi Bagh, Delhi-Gurgaon Road, and the Ashram crossing point in the morning surge hours. Top five possible reasons why the road rationing policy is not as powerful this time: 1. Schools In the first phase, schools in the city were closed which implied less cars on the roads. This time, the schools are open and with private cars utilizing on exchange days, there are more school transports on roads. ...

DP2Web

Search This Blog