India: Jewellery e-tailer Voylla in talks with Reliance Retail, Aditya Birla for offline presence

Visual from Voylla website

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 has begun talks with Aditya Birla Group and Reliance Retail to sell its products in their multi-brand stores, according to a report in The Economic Times.

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.

Also Read: India: Online eyewear retailer Lenskart to aggressively expand offline

India: Flipkart aims to recreate offline experience with themed stores

 

 

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.