Hoppingo a Delhi based online fashion discovery platform has raised its seed funding of around $89,000 from vCommission, a joint venture between VC Internet Media and Tokyo Stock Exchange, also a 100% subsidiary of Adways VC India Pvt Ltd. Tarang Bhargava founder of vCommission will also be a part of the firm’s advisory board.
Hoppingo was founded in November 2014 by Swati Gauba. It curates more than 800 e-stores across 20 categories including Home decor, apparal and accessories. It claims to have 10k+ products in its platform and it charged Rs. 200-250 per transaction. Currently with 5k transactions per month it claimed to achieve the target of 10k transaction in the future.
Swati Gauba Founder & CEO of Hoppingo.com, said,
“Liaisons with like-minded professionals is what we have always believed in. Our alliance with vComission is a step in that direction and we intend making our timeline sexier with similar minds. The synergies between vCommission and Hoppingo.com tread a similar path & getting Tarang and Parul on our advisory board has only bolstered the team and the business further.”
Hoppingo was rated among the top 32 startups by NASSCOM in India. Earlier it raised its first round of funding from Bhaskar Viswanadham, working with Broadridge Financial Solutions based in New York.
Last month vCommission invested in Spinsvilla and LetReach. Spinsvilla a UK based entertainment gambling websitr and LetReach a push notification tool for websites which helps brands to reach its customers.
In the past few months many fashion discovery space has raised funding. Roposo raised $5 million in the Series B round from Bertelsmann India Investment. Withme raised $250k in angel round. Hippily raised $250k in its seed round.