As per the company Woovly, the infused financial will be utilized in expanding user base and invest in the development of the platform.
Woovly was founded by Venkat J, Neha Suyal and Hitendra Ramachandran in 2017. The Bengaluru-based Woovly is a social media platform that allows the users to help others discover travel destinations and experiences through wishlists, known on the platform as bucket lists. It also connects users to each other based on these wishlists to create a virtual community around travel and activities.
The company Woovly claims to produce a part of its revenue through impressionable product placement on its platform.
Earlier, the platform Woovly had secured $350,000 funding from US-based SOSV’s MOX Accelerator.