Investments, News

StylFlip Raises Investment; Omaxe’s CEO Invests in Supplified; Govt.of Delhi Backs IIIT-D Incubator

Pre-Owned Fashion Items Portal StylFlip Raises Investment

Mumbai-based StylFlip, a portal for pre-owned fashion goods, has raised an undisclosed amount in seed round funding from real estate developers Raj Gala Shah and Zaheer Memon. The fund will be used to develop its platform further, and in marketing.

The app-based startup was founded in 2015 by Zarik Nabi. StylFlip, is a social platform (online marketplace) to sell, shop and flaunt their branded pre-owned fashion apparel, accessories, bags and shoes. Users on StylFlip can also follow other users with similar styles and flaunt images of their own fashion finds. It also allows sellers to upload pictures of items to be sold,  which are then authenticated and sanitised by StylFlip, before displaying them on the platform.

Real Estate Company Omaxe’s CEO Mohit Goel Forays into eCommerce, To Invest in

Real estate firm Omaxe’s promoter and CEO Mohit Goel has started an eCommerce portal,, in his personal capacity to market construction materials and will invest $1 million as seed, founded by Goel along with SPR Buildtech Director Nalin Saluja, started its operations a few months ago with an aspiration to tap huge opportunity in the unorganised construction materials market. On this portal, Supplified sells raw material as well as finished goods ranging from cement, steel, doors, paints, water purifiers, tiles, building cleaning and maintenance supplies, plants and home decor, among others.

The startup is currently catering to the Delhi-NCR market and achieved a monthly sale of Rs 50 lakh last month.

Indraprastha Institute of Information Technology Delhi Bags Rs 1.5 Cr from Delhi Government

The Indraprastha Institute of Information Technology, Delhi (IIIT-D) has secured Rs 1.5 crore from the Delhi government as per its incubation policy to promote entrepreneurship in the Capital.

“The fund will be used to assist students aspire to become entrepreneurs. We positively support government’s incubation policy to encourage the start-up culture in Delhi, said Dheeraj Sanghi, Dean of Academics & External Relations, IIIT-Delhi in a statement.

IIIT-D has its own incubation center that support students in various manners to pursue their entrepreneurship dreams. The institute provides theoretical as well as practical knowledge to students about the business practices.

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