About Woovly
Woovly is a company based in Bengaluru (India) founded in 2017 by Hithendra Ramachandran, Venkat Jay, and Neha Suyal. Woovly has raised $5.35 million across 7 funding rounds from investors including Shiprocket, Xelp and Sony Innovation Fund. The company has 76 employees as of April 09, 2024. Woovly offers products and services including Woovly App, Makeup Products, and Skincare Products. Woovly operates in a competitive market with competitors including Sim Sim, Pankhuri, BulBul, ShoprTV and Live Box, among others.
- Headquarter Bengaluru, India
- Employees 76 as on 09 Apr, 2024
- Founders Hithendra Ramachandran, Venkat Jay, Neha Suyal
- Stage Minicorn
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Sectors
RetailHealthcare
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Email
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Phone
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Website
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Social
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- Legal Name Woovly India Private Limited
- Date of Incorporation 18 Jul, 2017
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$994.46 K (USD)36.62as on Mar 31, 2023
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Net Profit
-$1.27 M (USD)0.07as on Mar 31, 2023
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EBITDA
-$1.2 M (USD)4.17as on Mar 31, 2023
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Total Equity Funding
$5.35 M (USD)
in 7 rounds
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Latest Funding Round
$252.8 K (USD), Series A
May 24, 2024
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Investors
Shiprocket
& 96 more
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Employee Count
76
as on Apr 09, 2024
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Products & Services of Woovly
Woovly offers a comprehensive portfolio of products and services, including Woovly App, Makeup Products, and Skincare Products.
Mobile app for purchasing beauty and personal care items
Range of makeup items available for online shopping
Selection of skincare essentials sold through the platform
People of Woovly
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Funding Insights of Woovly
Woovly has successfully raised a total of $5.35M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $252.8 thousand completed in May 2024. 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.
Investors in Woovly
Woovly has secured backing from 97 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Shiprocket, Xelp and Sony Innovation Fund.
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Venture capital fund investing in technology and AI sectors.
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Venture capital and accelerator services are provided across multiple sectors.
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Investor details for Woovly
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
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Verified entity values are shown only after access is granted.
Investments & Acquisitions by Woovly
Investment portfolio details for Woovly
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
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Financial Statements - Woovly
Detailed financials for Woovly
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- Profit trends
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Woovly Comparisons
Peer comparison for Woovly
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- Named peers
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Competitors of Woovly
Woovly operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sim Sim, Pankhuri, BulBul, ShoprTV and Live Box, among others.
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Short video shopping is facilitated via an app-based platform.
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Wedding style recommendations are delivered through an online conversational platform.
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Online live streaming e-commerce for multi-category products is facilitated.
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Live video shopping platform for customers
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Multi-category beauty products are offered through a video commerce app.
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Detailed competitors of Woovly
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Latest news on Woovly
Complete news archive for Woovly
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- Older coverage
- Brand-specific news history
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Frequently Asked Questions about Woovly
Woovly was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Woovly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Venkat Jay is the current CEO of Woovly. They have also founded this company.
Woovly is a funded company, having raised a total of $5.35M across 7 funding rounds to date.
As of Apr 09, 2024, the latest employee count at Woovly is 76.
Annual revenue of Woovly is $994.46K as on Mar 31, 2023.
Woovly was founded in 2017 and is based in Bengaluru, India. An online retail platform is maintained for makeup, skincare, and personal care items. A selection of brands is curated to address various customer requirements within the beauty and personal care sector. Navigation tools and secure payment options are included to support transactions. Product details are made available, and orders are processed for delivery.
Woovly offers Woovly App, Makeup Products, and Skincare Products.
Woovly has 97 investors. Key investors include Shiprocket, Xelp, Sony Innovation Fund, Duane Ventures, and IVY Growth Associates.
The valuation of Woovly is $25.32M as of May 2024.