Apparel Online India Magazine March 1st Issue 2019 | Page 83

INDIA’S PREMIER SOURCING SHOW
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GOCOOP
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C O U T LO OT
F
ounded in November 2015 by Mahima Kaul, Vinit
Jain and Jasmeet Thind, CoutLoot is a high-
street hybrid marketplace to buy and sell pre-owned
designer wardrobe. The Mumbai-based fashion
recommerce start-up, which works on C2C business
model, raised US $ 1 million last year in April as part
of its pre-Series-A funding. The round was led by
Jadevalue Fintech, the investment arm of Chinese
unicorn CashBUS, while existing investors including
Artha India Ventures and Venture Catalysts too
participated in the round.
T
he online social marketplace for India’s co-
operatives and rural enterprises, GoCoop is
working with more than 70,000 producers and
aims to impact a million weavers and artisans in
the next three years. The start-up which aims to
be the Amazon and Flipkart for handloom and
handicrafts, was started in 2011 by Siva Devireddy,
but established its online presence in 2012. The
Bangalore-based start-up raised an amount of
US $ 8,30,000 in Series-A funding in 2016. The
investment was secured by Infosys Co-founder
Kris Gopalakrishnan and Saha Fund. The existing
investors Unitus Seed Fund and Indian Angel
Network also participated in the round. It had also
raised US $ 2,90,000 from existing investors, Splice
Capital and a bunch of individual investors.
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T
I
Z I VA M E
he lingerie e-tailing brand Zivame was founded
in 2011 by Richa Kar. The brand has so far
raised about US $ 50 million from investors such as
Kalaari Capital, Zodius Technology Fund, Unilazer
Ventures, IDG Ventures India, Ratan Tata and
Malaysia’s Khazanah Nasional Bhd. The start-
up is run by Bengaluru-based Actoserba Active
Wholesale. In recent times, it has been witnessing
reshuffling at its top level, followed by even the
Founder Richa Kar, who stepped away from the daily
business operations in January 2017, after which
Shaleen Sinha was roped in.
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ndian womens’ workwear start-up Ombre Lane
was launched by sister duo Shweta and Prachi
Sharma in May 2017. The start-up has received
seed funding from a group of angel investors. The
investment group includes ex-LinkedIn India CEO
Akshay Kothari; LinkedIn General Counsel Aditi
Jha, and Director at Bristol-Myers Squibb, US,
Neeraja Balachander. The formalwear brand was
started with an investment of less than Rs. 50 lakh
and offers a variety of western styles designed
specifically for the Indian woman.
OMBRE LANE
www.apparelresources.com | MARCH 1-15, 2019 | Apparel Online India
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