Jaipur-based Voylla Retail Pvt Ltd, which owns and operates fashion jewellery and accessories e-tailer Voylla.com, is looking to aggressively expand its presence in the offline sales space.
The company already has three shop-in-shop stores in India in partnership with Future Group’s Central Mall. Besides, the company plans to expand its physical store network by opening 30 exclusives stores in high streets and malls in the current fiscal, the report said.
Voylla sells fashion jewellery to customers in India and worldwide through its online retail platform and through online marketplaces such as Amazon, Flipkart, Snapdeal, Jabong, Yepme and Voonik. It currently has offline presence in Bengaluru, Delhi-National Capital Region, Pune and Nagpur, and a manufacturing facility set up Jaipur.
The company has roped in Tapan Roychoudhury and Prashant Sharma from Fabindia and Bata India to head expansion of offline business and finance respectively. The company employs 180 people currently and plans to hire additional 300 people across retail, technology, manufacturing, marketing and merchandising divisions.
In October, the company raised $15 million in fresh funds from private equity firm Peepul Capital. It raised close to $2 million prior to this round from Pune-based Snow Leopard Technology Ventures and undisclosed angel investors.