Sequoia Capital-backed fashion marketplace Voonik has acquired three startups to build its premium fashion product Vilara . The company has now acquired five startups in the past six months.
Voonik, which is focused on curated fashion, is attempting to strengthen its leadership in the unbranded fashion segment largely via acqui-hires or team acquisitions of startups in niche fashion offerings.
Voonik acquires three startups to build its premium fashion product Vilara
The three companies are online marketplace for designers and boutiques Zohraa, which has a 12-person team, the eight-person team at online silk store Picksilk.com and the nineperson team at Styl, which connects stylists and salons with consumers.
Voonik, which raised $5 million last year, from Sequoia Capital and SeedFund, claims to have achieved a $100-million run rate and is aiming to grow four-fold in GMV by the end of this fiscal.
A month back, the company acqui-hired menswear focused fashion portal Getsy leveraging on whose expertise, Voonik forayed into the menswear segment with its app, Voonik. It also lapped up four people from the ten-member team from online apparel rental startup Klozee, which shut down operations in January this year.
Source: The Economic Times
