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Social network firm Roposo raises $5 mn

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Bengaluru: Fashion-focused social network Roposo.com on Thursday announced raising $5 million (Rs.31 crore) in fresh round (series A) of funding from global venture investor Tiger Global.

As a brand of Relevant E-solutions, Gurgaon-based Roposo website allows women to shop for new products online and its trends are liked, curated, personalised and updated daily from an array of online brands and e-commerce portals.

The start-up’s venture partners Indian Quotient and e-retailer Flipkart co-founder Binny Bansal also participated in the new round of funding.

Co-founded by three IIT-Delhi veterans — Mayank Bhangadia, former Zomato.com chief technology officer Avinash Saxena and Kaushal Shubhank — the social network is a one-stop destination for fashion addicts, offering a variety of choices from 145 web stores, with dresses ranging from apparel to footwear, accessories and lingerie.

Roposo had raised an unspecified amount earlier from India Quotient, 5ideas, Start-up Superfuel and angel investor Bansal.

“We have created an online playroom with fashion products and a hangout for fashion addicts around it.

We want our network to be better than Google and Facebook for fashion searches,” co-founder Mayank Bhangadia said in a statement here.

The start-up hopes that fashion seekers will make its website their default fashion-search engine.

“As fashion discovery is an untouched space in India, our tech team has come with ways to make this search intuitive,” Roposo chief executive and co-founder Saxena said on the occasion.

The funding will also help the social network strengthen its product.

With browsers spending about 200 minutes (three hours and 20 minutes) on their platform, the social network is a leader in fashion search in the country.

“Brands and marketplaces are shifting to social platforms like Facebook from generic platforms. Fashion-focused brands like StalkBuyLove have profile on our platform, where they create content stories for fashion-seeking audience,” Shubhank noted.

As an independent contract manufacturing and sourcing group, the US-based Tiger Global has $6 billion of assets under management and strong presence in the Silicon Valley.

An early stage venture capital initiative, 5ideas invests in human capital and social capital to deliver value in the seed stage, while Startup Superfuel, launched by former Fashion and You chief executive Pearl Uppal and Gaurav Kachru, is a platform aimed at fuelling the tech start-up ecosystem in India.

Set up in June 2012 by Anand Lunia, India Quotient invests in very early stage startups that are discovering a revenue model, pricing, product or strategy.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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