Fashion discovery app Roposo raises $15M more from Tiger Global
Gurgaon-headquartered Relevant e-solutions Pvt Ltd, the startup behind fashion-focused social network Roposo.com, has raised $15 million (around Rs 98 crore) from existing investor Tiger Global Management, as per a press statement.
The company will use the funding to build a strong team, reinforce technological infrastructure and revamp product portfolio.
In March, Roposo had raised $5 million in Series A funding led by Tiger Global. India Quotient and Flipkart co-founder Binny Bansal also participated in that round.
Founded in December 2013, Roposo claims to offer fashion choices from across 300 webstores with categories such as apparels, footwear, accessories and lingerie. All products are curated and recommended for users as per individual tastes.
Roposo claims to have over one million active users. User generated content on the app is expanding four times every month, allowing users to discover fashion through styling stories, reviews, DIYs and trend inspirations, the statement claimed.
Roposo had earlier raised under $500,000 in its first round of funding from Bansal and India Quotient (besides 5ideas Startup Superfuel) for its other product Giveter, an online recommendation engine for gifts. Last June, it raised $1 million in a bridge round from Bansal and India Quotient.
Fashion e-tailers have been generating considerable investor interest. In March, LimeRoad.com raised $30 million in Series C round of funding from Tiger Global and existing investors Matrix Partners and Lightspeed Venture Partners. Prior to that, Wooplr raised $5 million led by Helion Venture Partners.