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The Silicon Review Asia

Zoomtail: Raises Seed Capital that is led by Matrix Partners

Zoomtail: Raises Seed Capital that is led by Matrix Partners

Zoomtail Technology that focuses on e-commerce platform in the fashion industry has now raised an undisclosed amount from investors that are led by Matrix Partners to seed capital. Many participants like Shamik Sharma, Anshuman Bapna, V1 Capital, and Kunal Shah. The startup is planning to expand from its 30 member team to a wider circle, also expand its technology and platform. All of this will be done using the cash that is raised.  Varun Jain, an IIT Kanpur and Stanford University Graduate School of Business alumnus, and Swadesh Srivastava, an IIT Madras and University of Minnesota alumnus was the one who founded the firm in May last year.

Varun said that the primary focus will be to cater to small retailers in the unorganised unbranded fashion space. This move will enable them to do better with their offline and online operations. Also, the company is building tools to help it get and engage customers way better than before. Further, manage inventory, as well as procuring supplies from large distributors is the current aim of the company. Varun and his team are clear on what they want, let us see how the company turns out and goes to the next level in the current Indian market. 


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