StalkBuyLove.com, an online fashion brand for young women, has announced that it has raised an undisclosed amount of funding from Littlerock, 500 Startups, Singularity Ventures and others.
While the company has not revealed the exact amount of funding raised, it has hinted that it is a 7-figure amount in dollars.
The company, which is growing at around 8 percent month-on-month. The startup says that their women-focused brand ‘StalkBuyLove’ leverages unique supply structures to deliver a highly efficient supply model with realized gross margins of 70% and 12 full inventory turns a year.
Its Just-in-Time (JiT) structures and data-driven fashion analytics ensures extremely low/ no discounts by getting the SKU-level purchase decision right.
Fonded by Tushar Ahluwalia, Nishrit Srivastva, Aashna Chopra and Shikha Ahluwalia in 2013, StalkBuyLove combines strong fashion competence with proprietary, custom-made technologies for its unique sourcing and production strategy, which allows the company to own its entire value chain.
It builds on its technology to manage and control the entire production processes in real-time, including the cutting and stitching of garments at scale by third-party production units.
By optimizing its value chain, the company delivers extraordinarily high margins while providing its partner stitching units consistent and lucrative payouts.
Its unique approach enables the company to be a true fast-fashion company, as it is only a matter of days for StalkBuyLove.com from the identification of new trends to offering them online to its growing loyal customer base.
Bollywood celebrities such as Urvashi Rautela, Sonakshi Sinha & others, as well as India’s top fashion bloggers and A-list fashion magazines have already bought into the brand and StalkBuyLove.com’s super trendy and differentiated fashion.
Noel Zeh and Karsten Jansen, Partner at LITTLEROCK, said, “We are delighted to be part of StalkBuyLove’s journey to build the largest online fashion brand in India with best-in-class economics. We are convinced by the company’s integrated & tech-driven supply chain as well as brand building capabilities that enable the company to scale fast and efficiently.
“The core strength of the founding team is its envious combination of a AAA eCommerce background, best in class tech-competencies and an insiders’ pedigree in fashion & textile.” comments Vishal Harnal, Venture Partner at 500 Startups.
Website – StalkBuyLove.com