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Jaypore to expand India operations with $5mn funding

Jaypore to expand India operations with $5mn funding

Author | exchange4media News Service | Saturday, Feb 20,2016 7:54 AM

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Jaypore to expand India operations with $5mn funding

Jaypore, an online platform for contemporary Indian apparel, jewellery, home accents etc, has raised $5million in its first round of institutional funding from Aavishkaar, an innovator in early-stage investing.

Puneet Chawla, CEO, Jaypore said, “We are encouraged by the multi-fold increase in demand from our audience in the current year, and will continue to focus on expanding the product offering including our own Jaypore private label. The funds secured now will be used primarily for investment in scaling up the technology platform, hiring quality talent and brand building.”

Noshir Colah, Partner at Aavishkaar said, “Given the strong founding team, highly efficient execution, along with a clear focus on unit economics and a distinctive and beautifully curated product range which differentiates it from the marketplace model, we believe Jaypore is uniquely positioned to cater to the discerning global consumer, and we are excited to be partnering with them.”

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