29 March 2018, India:
Fashion startup Fynd has raised undisclosed amount in Series C round of funding. The funding round was led by Internet giant Google. Kae Capital, IIFL and Tracxn Labs, Singularity Ventures, GrowX, Venture Catalyst, Patni Family Office and Axis Capital also participated in the funding round.
The startup will use the fresh capital to enhance the way it engages with consumers and retailers in a better way.
Harsh Shah, co-founder, Fynd said, “Fynd is growing steadily and has managed to seal some exciting partnerships in the past few months. Our vision is to revolutionize the online and offline shopping experience across all channels and customer touch-points. We expect that the capital raised will help us further bolster our growth trajector.”
Seema Rao, Head of Corporate Development – India, Google, said, “Fynd has built an impressive, tech-first platform that has tremendous potential to scale within and beyond fashion and India. Fynd’s unique store-driven commerce approach, without inventory or warehouses, gives it a unique position in the marketplace.”
Vidushi Kamani, Venture Partner, Kae Capital said, “The Fynd team has consistently demonstrated their ability to listen to the market and build scalable products. They have shown impressive growth and are looking to capture a big opportunity in the O2O (offline to online) segment. We are super excited to have Google join the Fynd family and look forward to working closely to grow the company.”
Fynd was founded by Farooq Adam, Harsh Shah and Sreeraman Mohan Girjia. It is an online retailer that sells a range of fashion items to its users.
(Image – Startup Beat)