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Online Fashion Marketplace Shopwati Raises Seed Funding #India Shopwati, an online fashion community has raised an undisclosed amount in a seed round from Sanjiv Rai of SRKK Advisors. The startup will use this round to fund the next phase of technology development and reach out to customers & vendors in cities outside Delhi. Ankit Bajaj, Co-Founder & CEO, said, “We aim to build a strong community which helps each other make better fashion choices. Unlike every other Fashion Discovery App, Shopwati is not just about finding fashion inspiration, it aims to help people who want to act on it.” Mehak Suri Co-Founder & COO, said, “Most of the women know what they will wear for that wedding/event 2 months later, what they don’t know is where to buy it from, and we see that as a huge opportunity. On Shopwati 1000s of vendors respond back to queries of users looking for clothes, makeup, accessories, footwear or gift ideas” Shopwati claims to address over 300 queries everyday, with a GMV of over Rs. 1.5 crore. They claim that more than 95% queries get answered in 24 hours and the conversion rate is over 35%. To be on the platform, vendors have to pay an Annual Subscription Fee since most of the transactions happen offline and Shopwati takes no commission on the sales.. Join World’s Largest Community of 1,00,000 people Sharing Stories, Video, Quotes, Shayari, Poem, Jokes, Songs, Music, Photo, Memes, Movies, Writing, Poetry, Haiku, Art, Painting, Photography, Whatsapp Status, YouTube Video, Download, Status, Film, वीडियो, शायरी, Good Morning, Funny Comedy, Funny Joke, Romantic Shayari, Romantic Whatsapp Status, Good Night, Share Jokes, Audio Songs, motivational quotes​, ​funny quotes, funny images, trolls, latest ​WhatsApp jokes, pyar shayari, romantic shayari, love quotes, motivational quotes, Viral Trending Videos, Make Friends, Make New Friends, Write Text On Photos, Record Video with Music, Write on Gif, Hindi Writing, Hindi Poetry, Hindi Quotes, Hindi Shayari, Hindi Poem, Hindi Jokes, Hindi Comedy, Hindi Memes, Hindi Stories, Hindi Whatsapp Status, Hindi Good Morning Status, Hindi Good Night Status, Hindi Songs, Hindi Singing and Photography. A Creative expression platform. Follow Nojoto News. Download Nojoto App to get real time updates about Nojoto News | Hindi Quotes, Hindi Shayari, Hindi Story, Poem, Jokes, Memes | Nojoto . Internet, India, StartUp, Funding , Start Ups, Seed

Online Fashion Marketplace Shopwati Raises Seed Funding #India

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2 years ago

Online Fashion Marketplace Shopwati Raises Seed Funding #India


Shopwati, an online fashion community has raised an undisclosed amount in a seed round from Sanjiv Rai of SRKK Advisors.
The startup will use this round to fund the next phase of technology development and reach out to customers & vendors in cities outside Delhi.
Ankit Bajaj, Co-Founder & CEO, said, “We aim to build a strong community which helps each other make better fashion choices. Unlike every other Fashion Discovery App, Shopwati is not just about finding fashion inspiration, it aims to help people who want to act on it.”
Mehak Suri Co-Founder & COO, said, “Most of the women know what they will wear for that wedding/event 2 months later, what they don’t know is where to buy it from, and we see that as a huge opportunity. On Shopwati 1000s of vendors respond back to queries of users looking for clothes, makeup, accessories, footwear or gift ideas”
Shopwati claims to address over 300 queries everyday, with a GMV of over Rs. 1.5 crore. They claim that more than 95% queries get answered in 24 hours and the conversion rate is over 35%.

To be on the platform, vendors have to pay an Annual Subscription Fee since most of the transactions happen offline and Shopwati takes no commission on the sales.

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