Voonik, the most popular fashion shopping portal in India raised $6 Million funds from the Singapore-based RB Investments and Sequoia to scale up their existing business and their recent launch Mr.Voonik as Men’s segment. Indian Start-up Voonik Technologies Pvt. Ltd, the owner of the Voonik Fashion App, raised the funds to develop and extend their business in India. RB investments made $4 million investments and existing Sequoia made $2 million investments so far.
The funds will be utilised to develop Voonik men store which was launched last year especially targeting premium segments for men. Last Year June, the Company made a huge announcement on the acquisition of three other startups, PickSilk, Zohraa, and Styl to extend their premium segments in the Indian e-commerce.