About Zovi.com
Zovi.com is a Retail company based in Bengaluru (India) founded in 2011 by Satish Mani. Premium lifestyle apparel and accessories are manufactured and retailed online. Zovi.com has raised $65.5 million across 4 funding rounds from investors including Paytm, GIC and Tiger Global. The company has 6 employees. Zovi.com has completed 1 acquisition, including Inkfruit. Its Indian entity Kites Corporate Services Private Limited reported revenue of ₹1.92 Cr. Its focus areas include Consumer, Fashion Tech, B2C Commerce and Multi Category. Its competitors include Myntra, Jabong and Ajio; 2 of its 3 listed competitors have raised funding.
Company details
Zovi is an online retailer for premium fashion products. Provides locally designed and manufactured high-quality lifestyle apparel and accessory products through its online store. Acquired Inkfruit in 2013. Launched a new feature on its portal called Live which enables users to track what other items are being viewed or bought or added to wish list by other buyers and also their cities. Trying to launch another feature (in beta-phase currently) named Eyewhich will let people virtually try the apparel if the user has a webcam. Tripling its in-house design team and looking to sell internationally (starting with US in Sept 2014, with UK, Australia and West Asia by end-2014). Founded in 2010, Zovi is controlled by Robemall Apparels Pvt. Ltd. The websiteonline platform was not operational since Dec16.
- Headquarters Bengaluru, India
- Employees 6
- Founders Satish Mani
- SectorsRetail
- Email••••••••
- Phone•••• ••••
- Website zovi.com
- Social LinkedIn X Facebook
- Legal Name Robemall Apparels Private Limited
- Date of Incorporation 29 Dec, 2010
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Zovi.com
Zovi.com operates through Kites Corporate Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kites Corporate Services Private Limited CIN U18101KA2010PTC056411 | Active | 29 Dec 2010 | Bangalore, Karnataka | ₹1.9 Cr | 6 | 2 | View details |
Funding Insights of Zovi.com
Zovi.com has successfully raised a total of $65.5M across 4 strategic funding rounds. 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 $65.5M
- Total Rounds 4
- First Round $5.5M
(Jul 2011)
- Investors Count 5
All 4 funding rounds of Zovi.com 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 |
|---|---|---|---|---|---|
| Jan 2016 | Series C | – | – | ||
| Jul 2015 | $50M | Series C | – | Paytm | |
| Jun 2012 | $10M | Series B | – | Tiger Global Management | |
| Jul 2011 | $5.5M | Series A | – | Elevation Capital |
5 investors in total: 4 institutional and 1 angel.
Investors in Zovi.com
Zovi.com has secured backing from 5 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Paytm, GIC and Tiger Global.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Sovereign wealth is managed and private equity investments are facilitated. | gic.com.sg | Singapore, Singapore | ||
Venture and private equity investments are managed with global diversification. | tigerglobal.com | New York, United States | ||
Elevation Capital is focused on early-stage tech investments in India. | elevationcapital.com | Delhi, India | ||
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | paytm.com | Noida, India | |
DK Deep Kalra | Founder of MakeMyTrip, prominent angel investor in Indian startups | unknown_a21fe7eee97546dea |
Investor details for Zovi.com
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Board of directors of Kites Corporate Services Private Limited (Zovi.com)
Kites Corporate Services Private Limited is the primary company behind Zovi.com. The board of Kites Corporate Services Private Limited currently have 2 directors; the longest-serving is Krishnan Narayanswamy, appointed in 2022. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Krishnan Narayanswamy DIN 02088268 | Director | 04 Feb 2022 | 4 yrs 8 mo | Kites Corporate Services Private Limited |
| Yugandhar Jagadish DIN 07619461 | Director | 28 Mar 2022 | 4 yrs 6 mo | Kites Corporate Services Private Limited |
People of Zovi.com
1 people are tracked at Zovi.com (1 in leadership); the tracked headcount is 6.
| Name | Role | Group |
|---|---|---|
Satish Mani | Co-Founder & CTO | Leadership |
Complete people profiles for Zovi.com
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Financials of Zovi.com
Figures of Kites Corporate Services Private Limited, the primary company behind Zovi.com, for FY 2024. Revenue was ₹1.92 Cr (-9% year on year). Net profit was ₹11.5 Lakh (6% margin). EBITDA was ₹12.4 Lakh (6% margin). Revenue has grown at a compounded annual rate of +62% over three years and +8% over five years.
- ₹1.92 CrRevenue · FY 2024 · -9% YoY
- ₹11.5 LakhNet profit · 6% margin
- ₹12.4 LakhEBITDA · 6% margin
- ₹24.45 CrPaid-up capital
- 6Employees (provident fund records)
- +62%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kites Corporate Services Private Limited are on its company page.
Detailed financial statements for Zovi.com
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Investments & Acquisitions by Zovi.com
Zovi.com has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Inkfruit.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Internet first brand offering t-shirts for men and women | inkfruit.com | Mumbai, India | 2008 | Feb 2013 | •••• |
Complete acquisition details for Zovi.com
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Timeline of Zovi.com
4 dated milestones of Zovi.com across 5 years, from founding to its latest funding, stage changes and deals.
- Founded Zovi.com is founded.
- Funding First funding round of $5.5M.
- Acquisition Acquires Inkfruit.
- Funding Latest funding round, Series C,.
Competitors of Zovi.com
Zovi.com has 3 listed competitors in our database, 2 of them funded. They include Myntra, Jabong and Ajio.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myntra.com | 2007 | Bengaluru, India | $123.71M | 1,119 | Fashion and lifestyle products are offered via an online marketplace. | |
| jabong.com | 2012 | Gurugram, India | $120.27M | 1,433 | Online marketplace for fashion products | |
| ajio.com | 2016 | Mumbai, India | 6 | Manages an e-commerce platform offering diverse fashion products for men, women, and kids. |
Detailed competitors of Zovi.com
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- Full competitor set
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Web traffic of Zovi.com
Websites that share an audience with Zovi.com (zovi.com).
Websites whose visitors overlap most with Zovi.com. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| jabong.com | 100% | 32.6K | #1,162,178 | View details | |
| myntra.com | 100% | 113.8M | #236 | View details | |
| inkfruit.com | 99% | View details | |||
yebhi.com | yebhi.com | 97% | – | ||
fashionara.com | fashionara.com | 92% | – | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 17 similar websites and full traffic analytics for Zovi.com
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- 17 similar websites
- Audience overlap
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- Traffic by brand
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Top companies in Fashion & Lifestyle E-Commerce
3 companies that operate in the same segment as Zovi.com (Fashion & Lifestyle E-Commerce) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Eyewear is offered online for men, women, and kids. | 2010 | Gurugram, Haryana, India | USD 1.04 B | USD 939.4 M | 18,984 | |
Fashion and lifestyle products are offered via an online marketplace. | 2007 | Bengaluru, Karnataka, India | USD 123.71 M | USD 542.17 M | 1,108 | |
Gold and silver jewellery, lab-grown diamonds, and accessories are retailed. | 2019 | Bengaluru, Karnataka, India | USD 142.34 M | USD 32.66 M | 711 |
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Related news about Zovi.Com
Complete news archive for Zovi.com
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Frequently Asked Questions about Zovi.com
Zovi.com was founded in 2011.
Zovi.com is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Zovi.com is a funded company, having raised a total of $65.5M across 4 funding rounds to date. The company's 1st funding round was a Series A of $5.5M, raised on Jul 2011.
Zovi.com has 6 employees.
The primary company behind Zovi.com, Kites Corporate Services Private Limited, reported revenue of ₹1.92 Cr for FY 2024, down 9% year on year.
Zovi is an online retailer for premium fashion products. Provides locally designed and manufactured high-quality lifestyle apparel and accessory products through its online store. Acquired Inkfruit in 2013. Launched a new feature on its portal called Live which enables users to track what other items are being viewed or bought or added to wish list by other buyers and also their cities. Trying to launch another feature (in beta-phase currently) named Eyewhich will let people virtually try the apparel if the user has a webcam. Tripling its in-house design team and looking to sell internationally (starting with US in Sept 2014, with UK, Australia and West Asia by end-2014). Founded in 2010, Zovi is controlled by Robemall Apparels Pvt. Ltd. The websiteonline platform was not operational since Dec16.
Zovi.com has made 1 acquisition, including Inkfruit.
Zovi.com has 5 investors. Key investors include Paytm, GIC, Tiger Global, Elevation Capital, and Deep Kalra.
Zovi.com operates through Kites Corporate Services Private Limited.
The legal entities of Zovi.com currently have 2 directors, including Krishnan Narayanswamy, Yugandhar Jagadish.