What is Voonik? Voonik Review

Voonik Company Introduction

Voonik started operations in 2013 with the goal of providing women with a wide range of product options. Female consumers can choose products based on their skin tone, body shape, budget and style preferences. Before opening its online store, the company launched its own mobile shopping app. In 2016, the app ranked second in the fashion app rankings in India.

After much restructuring, Bengaluru-based Indian fashion e-commerce company Voonik announced that it has merged with Bangladeshi startup ShopUp, making it the second e-commerce company to merge with a relatively small foreign company after ShopClues, which recently merged with Singapore's Qoo10.

Voonik Features

Voonik can provide consumers with free clothing style suggestions and has strong social attributes. Users can share product information on WhatsApp, Facebook and Twitter to get advice from friends.

Voonik Product Range

Products include clothes, underwear, panties, pajamas, swimwear, sportswear, bags, jewelry, lipstick, etc.

Voonik Acquisition

Voonik acquired Styl, a Bengaluru-based startup that allows users to book appointments at hair salons and spas through the Styl app;

Voonik acquired Zohraa, an e-commerce platform for designers and boutique fashion merchants;

Voonik acquired silk e-commerce Picksilk;

Voonik also acquired Getsy, a Bengaluru-based shopping site for men.

In August 2015, Voonik acquired TrialKart, a virtual fitting room mobile service platform.

Voonik Financing

In August 2015, Voonik received a seed round of financing of US$500,000.

In August 2015, it received US$6.5 million in Series A funding from SeedFund Sequoia Capital.

In June 2016, Indian online fashion platform Voonik received 20 million in Series B funding, led by Sequoia Capital. In addition, Times Internet, Seedfund, Beenos, Beenext, Parkwood Bespin, Tancom Investments, an investment division of Singapore diesel engine parts & technology supplier Tancom, and FreeCharge CEO Kunal Shah also participated in this round of financing.

In August 2016, Voonik recently completed a debt financing of US$3 million from InnoVen Capital.

In February 2017, it received a strategic investment of US$6 million from Sequoia Capital China SeedFund Sequoia Capital.