What is Voonik? Voonik Review, Features

Founded in August 2015, Voonik is an online fashion platform in India that is committed to providing fashion services to users. The company currently has the Mr Voonik website, which provides fashion services specifically for men, and the Vilara, a light luxury design e-commerce platform that provides services to boutique merchants and independent designers.

About Voonik

Voonik is headquartered in Bangalore and was founded by Sujayath Ali and Navaneetha Krishnan. Voonik currently has 10 million registered users and 8 million app downloads. On the supply side, Voonik has more than 1.5 million products and more than 15,000 sellers on the platform.

Company Introduction

Voonik started operations in 2013 with the goal of providing women with a wide range of product options that they can choose based on their skin tone, body shape, budget and style preferences. Before opening its online store, Voonik launched its own mobile shopping app. In 2016, the app ranked second in the fashion app rankings in India.

Business Scope

Voonik's business scope includes underwear, panties, pajamas, swimwear, sportswear, bags, jewelry, lipsticks, etc.

Features

Voonik can provide consumers with free clothing style suggestions and has strong social attributes. Users can share product information on WhatsApp, Facebook and Twitter to get advice from friends.

Acquisition

Voonik acquired Bengaluru-based Styl, a startup that allows users to book appointments at hair salons and spas through the Styl app.

Voonik acquires Zohraa, an e-commerce platform for designers and boutique fashion merchants;

Voonik acquired silk e-commerce Picksilk;

Voonik also acquired Getsy, a Bengaluru-based shopping site for men.

Voonik acquired TrialKart, a mobile virtual fitting room service platform.

Financing

-In August 2015, Voonik received a seed round of financing of US$500,000.

-In August 2015, Voonik received $6.5 million in Series A funding from SeedFund Sequoia Capital.

- In June 2016, Voonik received a 20 million Series B round of financing, led by Sequoia Capital. In addition, Times Internet, Seedfund, Beenos, Beenext, Parkwood Bespin, Tancom Investments, an investment division of Singapore diesel engine parts & technology supplier Tancom, and FreeCharge CEO Kunal Shah also participated in this round of financing.

-In August 2016, Voonik completed a debt financing of US$3 million from InnoVen Capital.

In February 2017, Voonik received a strategic investment of US$6 million from Sequoia Capital China SeedFund Sequoia Capital.