16 March 2016, India : WithMe, a personalised fashion app has raised $250,000 (around Rs 1.7 crore) in angel funding from a group of investors comprising Alex Kuruvilla, managing director of CondeNast India; Pradeep Guha, former head of Zee Group and BCCL; Saket Dhankar, head of Lakme Fashion Week and serial entrepreneur and investor Rajan Pandhare.
Ashutosh Pandey, co-founder of WithMe told VCCircle, “We are investing the funds raised to build some cutting-edge features on the app, specifically making the app more ‘intelligent’ so our users have a highly personalised high-end fashion experience. Our objective is to build an app that becomes the users’ handy guide for all style and fashion discoveries, discussions and decisions.”
WithMe helps users to quickly decide what to wear or buy by asking their friends or sending queries to fashion experts in real time. The company aims to have a million engaged users in the next 9-12 months, and expand to key markets.It is run by Tripbaaz Technologies Pvt Ltd and founded by Ashutosh Pandey, Nithin Kaimal, Amit Gupta, and Shishir Maheshwari.
SOURCE: vccircle.com