Fynd, Mumbai based online marketplace for fashion goods, has secured ₹3 crores from Silicon Valley based Rocketship. With the raised funds, the startup plans to strengthen technology, optimise operations and add more categories for customers.
Rocketship is a VC firm based out of Silicon Valley. It makes early stage investment in data driven startups. The founding team of Rocketship has had a lot of experience and sold their startups to the likes of Amazon and Walmart. Fynd also plans to use the expertise of Rocketship in machine learning and data mining to increase its reach as well as customer traction.
Founded in 2015 by Farooq Adam, Harsh Shah, and Sreeraman MG, the startup has over 3.5 million styles live on their app and the website. Along with that, it also plans to add 3.5 million more styles in the coming months. Recently, it had raised the same amount in the series A round from Venture catalyst and Anand Chandrasekaran.
At the time of launch in November 2015, Fynd had also raised an undisclosed amount from KEA capital and founders of Snapdeal, Kunal Bahl & Rohit Bansal.