India: Fashion marketplace Fynd raises $500k from US-based investor Rocketship

Visual taken from the company website

Silicon Valley-based investor Rocketship.vc has invested $500,000 in fashion e-commerce marketplace Fynd, the latter said on Monday.

It follows Fynd’s $500,000 fund-raising from Venture Catalysts in March.

The firm will invest the funds towards scaling up technology and operations.

Rocketship’s other investment in India are Jugnoo (SoCoMo Technologies Pvt. Ltd). It invested a part of the $10-million series ‘B’ round the auto-rickshaw hailing app raised in April 2016.

Rocketship will also mentor Fynd in data mining and machine learning capabilities, helping it enhance the customer experience and optimize user acquisition costs. “The VC firm will help create value for Fynd by regularly monitoring our data, comparing it with our competitors and the market and sharing their insights with us,” Fynd’s co-founder Harsh Shah said.

Fynd, managed by Mumbai-based Shopsense Retail Technologies Pvt. Ltd, is backed by Kae Capital and angel investors Anand Chandrasekaran, a former Facebook executive, Rajiv Mehta of Arvind Sports, and Ramakant Sharma, co-founder of online home design start-up Livspace. The company claims it offers same or next day delivery in 11 cities.

Also Read

Fashion e-commerce portal Fynd receives $500k from Venture Catalysts, others

Fynd gets funding from Anand Chandrasekaran & others

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.

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.