About Vasaas
Vasaas is a Retail company based in Bengaluru (India) founded in 2020 by Divyansh Kapoor and Himanshu Sharma. Online platform offering multi-category designer fashion products for women. It operates on a B2C model. Vasaas has raised $79.01 thousand across 2 funding rounds from investors including IVY Growth Associates, Illuminati Clan and Lokesh. The company has 1 employees. Vasaas was last valued at $1.34 million in April 2022. Its chief executive, as recorded, is Divyansh Kapoor. Its Indian entity Oberlo Fashion Technologies Private Limited reported revenue of ₹1.96 Cr. Its focus areas include Fashion, Online Fashion Retail and Women's Designer Wear. Its competitors include Mirraw, IndianRoots and Jivaana; 2 of its 3 listed competitors have raised funding.
Company details
Vasaas, based in Bengaluru, focuses on engaging in retail operations, dealing with fashion products, online fashion retail, and womens designer wear. Online platform offering multi-category designer fashion products for women. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
- Headquarters Bengaluru, India
- Employees 1
- Founders Divyansh Kapoor, Himanshu Sharma
- Stage Minicorn
- SectorsRetail
- Website vasaas.com
- Social X Facebook
- Legal Name Oberlo Fashion Technologies Private Limited
- Date of Incorporation 18 Mar, 2021
- Jurisdiction Delhi, India
- Annual Revenue₹1.96 Cr
FY 2022
- Net Loss-₹77.3 Lakh
FY 2022 · -39% margin
- EBITDA-₹76.8 Lakh
FY 2022 · -39% margin
- Total Equity Funding$79.01K (USD)
in 2 rounds
- Latest Funding Round$33.72K (USD), Seed
Apr 2022
- InvestorsIVY Growth Associates
& 5 more
- Employee Count1
Associated legal entities of Vasaas
Vasaas is associated with 2 registered companies on The Company Check; the primary company is Oberlo Fashion Technologies Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Oberlo Fashion Technologies Private Limited CIN U18109DL2021PTC378794 | Active | 18 Mar 2021 | Delhi, Delhi | ₹2.0 Cr | 2 | View details | |
| Yespoho India Private Limited CIN U72900AP2017PTC106822 | Active | 10 Oct 2017 | Visakhapatnam, Andhra Pradesh | ₹15.6 Cr | 4 | View details |
Funding Insights of Vasaas
Vasaas has successfully raised a total of $79.01K across 2 strategic funding rounds. The most recent funding activity was a Seed round of $33.72 thousand completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $79,005
- Total Rounds 2
- Last Round Seed — $33,720
- First Round $45,285
(Feb 2022)
- Investors Count 6
All 2 funding rounds of Vasaas with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2022 | $33,720 | Seed | $1.34M | Illuminati Clan | |
| Feb 2022 | $45,285 | Seed | $238,989 | Ekta Jain |
| Date | Valuation | Stage |
|---|---|---|
| Apr 2022 | $1.34M | •••••••• |
Last known valuation $1.34M (Apr 2022). 6 investors in total: 2 institutional and 4 angel.
Investors in Vasaas
Vasaas has secured backing from 6 investors, including venture fund and angel investors. Prominent investors backing the company include IVY Growth Associates, Illuminati Clan and Lokesh.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Seed-stage investments are targeted by Illuminati Clan venture capital firm. | ||||
Angel network facilitating startup investments and investor connections in technology and sustainability sectors. | 2021 | ivygrowth.co.in | Surat, India | |
L Lokesh | unknown_be00321d3d3b4b7c8 | |||
AA Alka Agrawal | Angel investor and mentor, focusing on early-stage Indian startups. | unknown_47818747143c4c5e8 | ||
GC Gautham Chawla | unknown_2c5d6d6f5821434e8 | |||
EJ Ekta Jain | unknown_49461317a454481f9 |
Investor details for Vasaas
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Board of directors of Oberlo Fashion Technologies Private Limited (Vasaas)
Oberlo Fashion Technologies Private Limited is the primary company behind Vasaas. The boards of the 2 registered companies of Vasaas currently have 6 directors; the longest-serving is Raghuram Kuchibhatla, appointed in 2018. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Raghuram Kuchibhatla DIN 08252816 | Director | 07 Dec 2018 | 7 yrs 11 mo | Yespoho India Private Limited |
| Meenakshi Bhupendra Dubey DIN 09047120 | Director | 30 Jan 2021 | 5 yrs 9 mo | Yespoho India Private Limited |
| Divyansh Kapoor DIN 08449336 | Director | 18 Mar 2021 | 5 yrs 7 mo | Oberlo Fashion Technologies Private Limited |
| Rakshit Kapoor DIN 09356155 | Director | 10 Oct 2021 | 5 yrs 1 mo | Oberlo Fashion Technologies Private Limited |
| Kumar Chiranjeevi Venkata Kalya Vasireddy DIN 10462020 | Director | 10 Jan 2024 | 2 yrs 10 mo | Yespoho India Private Limited |
| Nanda Kishore Babu Borra DIN 10158038 | Director | 10 Jan 2024 | 2 yrs 10 mo | Yespoho India Private Limited |
People of Vasaas
2 people are tracked at Vasaas (2 in leadership); the tracked headcount is 1.
| Name | Role | Group |
|---|---|---|
| ex-Founder, CEO | Leadership | |
| ex-Co-Founder | Leadership |
Complete people profiles for Vasaas
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Verified entity values are shown only after access is granted.
Financials of Vasaas
Figures of Oberlo Fashion Technologies Private Limited, the primary company behind Vasaas, for FY 2022. Revenue was ₹1.96 Cr. Net loss was -₹77.3 Lakh (-39% margin). EBITDA was -₹76.8 Lakh (-39% margin).
- ₹1.96 CrRevenue · FY 2022
- -₹77.3 LakhNet loss · -39% margin
- -₹76.8 LakhEBITDA · -39% margin
- ₹13,400Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Oberlo Fashion Technologies Private Limited are on its company page.
Detailed financial statements for Vasaas
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Vasaas
4 dated milestones of Vasaas across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Vasaas is founded.
- Funding First funding round of $45K.
- Funding Latest funding round, Seed, of $34K.
- Milestone Reaches Minicorn status.
Competitors of Vasaas
Vasaas has 3 listed competitors in our database, 2 of them funded. They include Mirraw, IndianRoots and Jivaana.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mirraw.com | 2011 | Mumbai, India | 107 | Online platform for ethnic clothing, jewelry, and accessories shopping. | ||
| indianroots.in | 2013 | Gurugram, India | $10M | Indian ethnic apparel and accessories are sold online via IndianRoots. | ||
| jivaana.com | 2016 | Bengaluru, India | $609,476 | 3 | Manages an e-commerce store offering a diverse range of fashion products across multiple categories. |
Detailed competitors of Vasaas
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Verified entity values are shown only after access is granted.
Top companies in Women Apparel E-Commerce
3 companies that operate in the same segment as Vasaas (Women Apparel E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Operates an online platform selling apparel items like trousers, jeans, shorts, and shoes. | 2014 | Bengaluru, Karnataka, India | USD 42 M | USD 26.76 M | 3,181 | |
Online platform selling stylish western clothing for women including dresses and tops. | 2015 | Gurugram, Haryana, India | USD 9.87 M | USD 10.15 M | 272 | |
Manages an e-commerce platform offering diverse fashion products for men, women, and kids. | 2016 | Mumbai, Maharashtra, India | 6 |
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Related news about Vasaas
Complete news archive for Vasaas
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Frequently Asked Questions about Vasaas
Vasaas was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Vasaas is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Divyansh Kapoor is the CEO of Vasaas, as recorded in our data. They have also founded this company.
Vasaas is a funded company, having raised a total of $79.01K across 2 funding rounds to date. The company's 1st funding round was a Seed of $45.29K, raised on Feb 2022.
Vasaas has 1 employees.
The primary company behind Vasaas, Oberlo Fashion Technologies Private Limited, reported revenue of ₹1.96 Cr for FY 2022.
Vasaas, based in Bengaluru, focuses on engaging in retail operations, dealing with fashion products, online fashion retail, and womens designer wear. Online platform offering multi-category designer fashion products for women. The company prioritizes operational excellence, innovation, and customer-centric approaches for success.
Vasaas's top competitors include Mirraw, Jivaana and IndianRoots.
Vasaas has 6 investors. Key investors include IVY Growth Associates, Illuminati Clan, Lokesh, Alka Agrawal, and Gautham Chawla.
The valuation of Vasaas is $1.34M as of Apr 2022.
Vasaas is associated with 2 legal entities: Oberlo Fashion Technologies Private Limited, Yespoho India Private Limited.
The legal entities of Vasaas currently have 6 directors, including Meenakshi Bhupendra Dubey, Kumar Chiranjeevi Venkata Kalya Vasireddy, Nanda Kishore Babu Borra and others.