Mumbai-based Fashionablyin which is an online geolocated fashion directory and marketplace, has secured angel round of funding led by Ranjan Mahtani Chairman, the Epic Group. The financial details of the round have not been disclosed yet.
The freshly infused money will help the company bolster its technology and expand its product’s reach.
Commenting on the development, Tarun Thadani, Founder Fashionablyin said, “Fashionablyin has an intuitive #CPQrating system based on credibility, price and quality. It connects everyone in the fashion industry, using geolocation and its free.” He added that it is hard to find good and reliable suppliers who are located in different regions specialized in specific services or products. The startup therefore wants to make the search simple and accessible to everyone. It is building a resource base for the Fashion Industry.
Besides, the platform also provides a marketplace for secure fashion goods transactions and personalized product development services for designers.
The company reportedly has over 2,000 businesses registered on its website, and aims to create a direct link between fashion houses, manufacturers, and suppliers.