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New Delhi, Nov 20 (PTI) Fashion marketplace Voonik today said it has forayed into the kids wear segment which will offer clothes and accessories for children of age group zero to twelve years.
Sequoia Capital-backed Voonik said the newly-forayed section is available on Voonik website, mobile site and mobile app.
“The Kids section launched on the Voonik platform will contribute 15-20 per cent to the business,” Voonik CEO and co-founder Sujayath Ali said.
Ali further said customers have been asking for the kids wear for many years now.
With kids wear, the company said it is penetrating into a highly profitable segment where both the frequency as well as the number of items per orders is higher than any other fashion category.
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GSF Accelerator to invest USD 1 mn in 5 startups * Startup accelerator GSF today said it will invest USD 1 million in five startups and has invited applications for selection.
GSF will fund USD 2,00,000 each in five startups, the company said adding that this is the highest amount of funding that any accelerator provides to the startups anywhere in the world.
Additionally, GSF will further invest USD 1 million as co-investments in seed/series A rounds, at the end of the programme.
The accelerator is looking for innovative tech startups using frontier technologies like block-chain, sharing economy, etc to solve problems in the areas of healthcare, fintech, edtech and mediatech, among others.
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PHDCCI launches ‘The Ambassadors’ Club’
* Industry body PHDCCI today said it has launched “The Ambassadors Club” to promote expansion and diversification of trade of the country.
“The new initiative is intended to be an open-ended discussion forum based in the national capital,” it said in a statement.
PHDCCI Senior Vice President Rajeev Talwar said that the idea is to have an institutional arrangement to facilitate understanding of markets and opportunities by utilising insights, expertise and knowledge of foreign diplomats as well as retired Indian diplomats.
This platform, he said, would be like an informal think tank for the business communities.
This is published unedited from the PTI feed.
