Voylla.com raises Rs. 2.5 Cr from seed investors!
Voylla.com, a one-stop shop for designer jewellery and accessories, has raised Rs. 2.5 crores from Pune-based Snow Leopard Technology Ventures. With this round of funding, Voylla.com plans to expand its operations beyond Bangalore and start another facility closer to its supplier base. Late last year, Voylla.com successfully commenced operations in Bangalore with a first round of funding from another seed investor.
Commenting on the occasion, Vishwas Shringi, Founder & CEO, Voylla.com said, “We are delighted to partner with Snow Leopard Technology Ventures for our second round of funding. This investment speaks volumes of our business potential. The capital raised will further accelerate our expansion plans and will largely be deployed for operations expansion and marketing spend to enhance our ability to service jewellery customers around the world.”
Chris Kolenaty,Partner, Snow Leopard Technology Ventures, added “Voylla.com addresses a significant portion of jewellery buyers who we feel are transitioning to online shopping from offline. The depth and breadth of offerings combined with the unique shopping experience make Voylla.com into a compelling value proposition for the customer. We are looking forward to our partnership with the management team at Voylla.comto build a market leading jewellery and accessories company consistent with our strategy.”As part of the investment, Chris will be added to the Board of Directors of Voylla.
Voylla.com offers a broad variety of jewellery, including gold-plated metal or pure sterling silver set with gemstones anddiamonds. The tarnish-free jewellery may be worn on all occasions, during the workday or at a celebratory evening event. In addition to jewellery, the portal also sells accessories such as clutches, hand bags, shawls and stoles, with all items achieving the highest standards for quality and value. The offerings at Voylla.com are chic, trendy and in-line with ever changing tastes. 300 new designs are added to the shopping portal every week.
At Voylla.com, customers receive a highly unique shopping experience from the moment they enter the site and place their first order till the time they receive their purchase. Voylla’s lightning fast delivery times, easy payment approach and over 3,000 offerings are unmatched today in this segment. The portal’s informative content and easy-to-use site navigation make finding everything from the classics to the newest releases as easy as clicking a button.