Fashion Platform CoutLoot Raises $1 Million Series A Funding
India's leading C2C fashion re-commerce platform CoutLoot raises an investment of USD 1 million pre-series A funding round by Jadevalue Fintech, the investment arm of Chinese unicorn CashBUS led the investment round.
CoutLoot has extended its operations across 14 cities and achieved more than 5,00,000+ app downloads. One of its unique features, 'Celebrity Closet' wherein it has established exclusive partnerships with leading celebrities to sell items from their own personal closets, has also received an overwhelming response from its users. A few of the TV celebs that sell on CoutLoot include Karishma Tanna, Aditi Bhatia, Niti Taylor, Aarti Chabbria amongst others.
Considering its massive popularity, Jadevalue Fintech's investment in CoutLoot is being identified as a strategic move b...