Bengaluru: Zovi.com. a Bengaluru-based e-Commerce fashion apparel company, raises $50 million in a fresh funding round led by PayTM. Another undisclosed investor along with existing investors – SAIF Partners and Tiger Global Management also contributed to the round. This funding round has been raised under a separate organization - Little Internet Pvt. Ltd. with Zovi launching its new venture, an app named Little. It is a mobile platform that offers exclusive deals to local restaurants, hotels, movies, salons and many more. The app-only marketplace proffers deals from over 5,000 merchants across India and is available on Android, Windows and iOS platforms. It is also in plans to extend its operations to 11 new cities and offer 50,000 deals by March next year.
Zovi.com, owned and operated by Robemall Apparels Pvt. Ltd., was founded in 2011 by Manish Chopra, former COO & CMO at Microsoft Indonesia and Satish Mani, a startup enthusiast. It is one-stop shopping destination for clothing and fashion apparels like clothes, shoes, belts and many other accessories for both men and women. The company also offers free shipping and cash on delivery to all the products.
As of now, the company has a workforce of 400 employees specialized in various sectors like technology, marketing and product development and aims to increase its staff count to 1000 employees by the end of next year.