Thursday, March 28

Tag: Manish Taneja

IvyCap Ventures Backed Purplle To Close $6 Million Series-B Round Funding
FUNDING

IvyCap Ventures Backed Purplle To Close $6 Million Series-B Round Funding

Purplle, an online marketplace, backed by IvyCap Ventures; for beauty products, spa and salon services, has closed a Series-B round of around $6 million with participation from JSW Ventures, existing investors and another investor who's likely to join in. The company will use some part of the capital to set up a warehouse in Bengaluru to serve the Southern market which makes up 15 per cent of its annual GMV of Rs 150 crore. "We will continue to be a marketplace as it is very difficult to predict which SKUs do well in the beauty segment. Our focus will be on enabling sellers who stock upto 15 days inventory with us in our warehouses for insight on price elasticity and sales," says Manish Taneja, cofounder of Purplle.com. He adds that the platform will grow its beauty services business ...
After GOSF, Now WOSF – Women’s Online Shopping Festival is Here To Pamper You
News

After GOSF, Now WOSF – Women’s Online Shopping Festival is Here To Pamper You

Every woman needs to be treated in a special way and to do so, VelvetCase.com has conceptualised a festival titled Women's Online Shopping Festival (WOSF), wherein various lifestyle and fashion brands will be coming together to provide a shopping paradise to the modern women. Talking about the festival, VelvetCase.com's Founder and CEO, Kapil Hetamsaria said, "I am super-excited to see how an idea born over a dinner conversation a few months ago has snowballed into an event that has the potential of becoming a premier annual property driven by leading brands." Talking about the idea behind WOSF, Neha Kant, Founder of Clovia said, "We see women buyers as significant contributors to the growth of e-commerce and online purchase in India, this made us pop with the idea of WOSF." Meanwhi...