Its been more than a year since we featured Gurgaon-based Roposo and the startup is making an exponential growth steadily and most recently the fashion discovery platform has raised a Series B round of $ 15 million from existing investor Tiger Global. This comes within five months of $5 million Series A investment in the company by Tiger Global.
Roposo first raised seed funding of $1 million, in July last year, from Flipkart co-founder Binny Bansal and India Quotient. So far the total amount of funding raised by Roposo has reached to $21 million.
The company will use the freshly raised funds to strengthen its team, build technological infrastructure, enhance and revamp the product.
Founded in 2012 as a part of their gift recommendation platform Giveter, by three IIT Delhi graduates – Mayank Bhangadia, Avinash Saxena and Kaushal Shubhank, Roposo was launched at the end of 2013 and since then it has evolved into a social network for discovering online fashion brands.
Roposo claims to currently have around 5 million products and works with 300 webstores and 4000 brands, including offline labels such as Vero Moda, Biba and Only. The startup also offers mobile app for using its platform.
The platform recently reinvented its app and website with greater focus on content and brand stories to launch new collections and has signed on celebrity designers and actors to promote the platform.
One similar startup to Roposo was fashion discovery site Doozton, which was purchased by Snapdeal in April 2014.