Online jewelry store Voylla.com has brought $15 million up in a crisp round of financing from Peepul Capital. The stage will utilize the trusts for brand building, extending its conveyance system, putting resources into innovation and expanding its assembling capacities.
Starting now Voylla makes jewelry under the “Voylla” brand and offers it through its own web entrance, more than 30 other online commercial centers and 3 of its own physical stores. The organization specifies that it will hope to grow its physical store system ‘fundamentally’, while additionally entering universal markets.
Block and mortar stores: Interestingly, Voylla had said in October a year ago that it would open 10 block and mortar stores the nation over before the year’s over, including its first outlet at Nagpur focal shopping center, in any case, starting now it appears to have just 3. Note that, it’s not clear if the stage will utilize a franchisee model for its block and mortar stores, or hope to dispatch its own particular stores. Voylla as of now claims to have a database of more than 35,000 exceptional outlines with 300-500 new plans included each week. Starting now, it additionally claims to have served more than 200,000 clients in India.
Before this, Voylla raised Rs 2.5 crore heavenly attendant speculations from Snow Leopard Technology Ventures in May 2013. It had additionally raised Rs 1 crore blessed messenger financing from a gathering of speculators in October 2012 from undisclosed financial specialists. Established in 2011 and propelled as an online attire store in May 2012, the stage later turned to concentrate on architect jewelry and frill for ladies.