Woovly plans to raise $10 million
The Hindu
Woovly, a social commerce platform said it has initiated talks with investors to raise $10 million as part of their Series-A funding. It said it has already secured a $3.6 million investment, particip
Woovly, a social commerce platform said it has initiated talks with investors to raise $10 million as part of their Series-A funding.
It said it has already secured a $3.6 million investment, participated by Anthill Ventures, ViNners and Sana Ventures amongst others.
Venkat J., CEO & Co-Founder, Woovly said, “Since the start of the social commerce platform our community has seen 400% growth year-on-year. This has resulted in $2 million ARR (Accounting Rate of Return) within six months of our commerce launch and is growing at 30% month-on-month.”
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