{"id":6327,"date":"2016-07-30T17:15:23","date_gmt":"2016-07-30T11:45:23","guid":{"rendered":"http:\/\/www.ishwark6.sg-host.com\/?p=6327"},"modified":"2016-09-01T17:40:51","modified_gmt":"2016-09-01T12:10:51","slug":"voonik-raises-another-3-million-from-temasek-backed-innoven-capital","status":"publish","type":"post","link":"https:\/\/startup-buzz.com\/?p=6327","title":{"rendered":"Voonik Raises Another $3 Million From Temasek-Backed InnoVen Capital"},"content":{"rendered":"
\n

Another Funding for Voonik<\/strong><\/h2>\n<\/blockquote>\n

Who invested in whom?<\/strong><\/h3>\n

Voonik<\/a>, a fashion e-commerce portal owned by Voonik Technologies<\/a> has secured another $3 million from Temasek-backed InnoVen Capital. Previously the company had secured $20 million in its equity funding round.<\/p>\n

What will be the funds used for?<\/strong><\/h3>\n

The company has already secured its $2 million raised funding money in its previous equity round and is now expecting the remaining amount (i.e $1 million) to be transferred to the company\u2019s account within the next week. In previous funding, the company acquired $20 million in Series B funding from investors like Sequoia Capital, Seedfund, and Beenos among others too. This funding was used to strengthen all products across all three platforms – Vilara<\/a>, Voonik and Mr. Voonik<\/a>. The new funding will be utilized for advertising campaigns, especially the television commercials.<\/p>\n

About the Company<\/strong><\/h3>\n

The company was founded by Navaneetha Krishnan and Sujayath Ali in the year 2013. The company resembles to be India\u2019s first stylist- handpicked fashion portal. The company helps to provide personal shopping experience within customer\u2019s respective budget. Moreover, to increase their range of products, the company has already acquired three startups; Zohraa, Picksilk, and Styl.<\/a><\/p>\n

About the Investor<\/strong><\/h3>\n

InnoVen Capital is well known in Indian startups ecosystem and has invested large sums of money in online food delivery company, Faasos; a healthcare startup Practo; and Zoomcar which provides online car rental services. It has also backed ed-tech startup, Byju\u2019s, which will use these funds for international expansion.<\/p>\n

What do you think about this funding to Voonik? Kindly share your thoughts in the comment section below.<\/p>\n

Takeaways:-<\/strong><\/p>\n

    \n
  • Voonik, a fashion e-commerce portal owned by Voonik Technologies secures another $3 million from Temasek-backed InnoVen Capital.<\/strong><\/li>\n
  • The company has already secured its $2 million raised funding money in its previous equity round and is now expecting the remaining amount (i.e $1 million ) to be transferred to the company\u2019s account within\u00a0 the next week.<\/strong><\/li>\n
  • The new funding will be consumed by marketing costs of advertising campaigns, especially towards the television commercials.<\/strong><\/li>\n<\/ul>\n

    Subscribe with us to get your dose of interesting news, research & opinions in the startup segment. Fill the form below:<\/p>\n

    [email-subscribers namefield=”YES” desc=”” group=”Public”]<\/p>\n","protected":false},"excerpt":{"rendered":"

    Another Funding for Voonik Who invested in whom? Voonik, a fashion e-commerce portal owned by Voonik Technologies has secured another $3 million from Temasek-backed InnoVen Capital. Previously the company had secured $20 million in its equity funding round. What will be the funds used for? The company has already secured<\/p>\n","protected":false},"author":844,"featured_media":6328,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27,21],"tags":[1953,80,1952,1605,1947,1950,70,875,1951,1948,1946,1064,1949],"class_list":["post-6327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-start-up","tag-3-million","tag-bangalore","tag-karnataka","tag-male-entrepreneur","tag-navaneetha-krishnan","tag-picksilk","tag-startup","tag-startup-buzz","tag-styl","tag-sujayath-ali","tag-temasek-backed-innoven-capital","tag-voonik","tag-zohraa"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/startup-buzz.com\/wp-content\/uploads\/2016\/07\/Voonik.png","_links":{"self":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/6327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/users\/844"}],"replies":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6327"}],"version-history":[{"count":3,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/6327\/revisions"}],"predecessor-version":[{"id":6374,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/posts\/6327\/revisions\/6374"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=\/wp\/v2\/media\/6328"}],"wp:attachment":[{"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/startup-buzz.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}