Voonik: Difference between revisions
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| founder = Sujayath Ali and Navaneetha Krishnan |
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| hq_location_city = [[Bengaluru]] |
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|programming_language = [[Ruby_on_Rails]] |
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| website = [http://www.voonik.com www.voonik.com] |
| website = [http://www.voonik.com www.voonik.com] |
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Revision as of 12:43, 16 June 2016
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| Company type | Private |
|---|---|
| Industry | Internet |
| Founded | 2013 |
| Founder | Sujayath Ali and Navaneetha Krishnan |
| Headquarters | |
Area served | India, International |
| Services | E-commerce (Online shopping) |
| Website | www.voonik.com |
Voonik is an online marketplace operating in products for women’s fashion.It works on a 10,000 rule algorithm to help users find the right product on the basis of filters like skin tone, body type and preferences.[1]
The startup was launched as a personal mobile application, before developing a website.[2]
Background
Voonik was founded in 2013 by Sujayath Ali and Navaneetha Krishnan.[3] The company is based in Bengaluru and has 450 employees, as of June 2016.[4]
According to a report published by VCCircle in June 2016, the e-commerce platform claims to have an annual gross merchandise volume of more than USD 80 million, with over 10 million registered users and 8 million app downloads.[5]
Business model
Voonik does not carry inventory or manage deliveries of orders. The online marketplace gathers products from various merchants.[6]
Funding
Voonik raised funding worth USD 5 million in Series A round of funding from Sequoia Capital and an initial funding from Seedfund. [3]
References
- ^ "Voonik.com looks beyond the brand". The Hindu. 7 March 2016. Retrieved 8 June 2016.
- ^ "Personal shopping app startup Voonik opens web shop now". The Economic Times. 18 November 2015. Retrieved 8 June 2016.
- ^ a b "Voonik enters premium e-commerce segment, acquires three start-ups". Live Mint. 7 June 2016. Retrieved 8 June 2016.
- ^ "Retaining talent? New startups award up to 40% hike, paid vacation". The Hindustan Times. 1 June 2016. Retrieved 8 June 2016.
- ^ "Voonik acqui-hires three startups, launches premium e-commerce platform Vilara". VCCircle. 6 June 2016. Retrieved 8 June 2016.
- ^ "Fashion Discovery And Shopping App Voonik Gets $5M From Sequoia And Seedfund". TechCrunch. 10 June 2015. Retrieved 8 June 2016.