202217 Jan

Funding Alert :D2C fashion platform Cloud Tailor raises capital from 35North Ventures and Mergerdomo

Summary

The raised funds will be allocated towards expansion of personalized fashion fulfillment centres across 8 cities in India (Hyderabad, Bengaluru, Delhi NCR, Kolkata, Pune, Chennai, Patna and Mumbai) and growth of its technology team and the marketplace business models for Cloud Tailor, an statement highlighted. The idea was to iron out the challenges and bring in convenience, efficiency and ease to the current need in the existing ladies customized offline tailoring model that was further accelerated during lockdown. In a span of one year the company added more strength by bringing on board industry veterans who contributed to the brand strategy and growth immensely and paved the path for pan-India expansion and stronger penetration, both online and offline. Ashwani Singh from 35North Ventures commented on the investment, and said “We are very happy to partner with Cloud Tailor in its growth journey towards becoming the D2C brand to reckon with in the personalised fashion sector. They have had a great start performance wise and they are now on an upward swing where they have brilliantly managed to understand a simple yet complicated consumer concern and have the most viable solution ready.

Source: Indiaretailing

Funding

$1.45M
Amount
Jan 17 2022
Date
-
Investor
Cloud Tailor
Company

Classifications

Companies