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Fynd, a fashion e-commerce portal, has secured $2.4 million from IIFL Seed Ventures, closing its Series A round at $3.4 million.
Apart from IIFL Seed Ventures, the round witnessed active participation from Kae Capital, FJ Labs, Singularity Ventures, GrowX, Traxcn Labs and Hong Kong-based Axis Capital. “The capital raised in our Series A round of funding will help us further bolster our growth trajectory and enhance our tech capabilities,” said Fynd co-founder Harsh Shah.
The offline-to-online fashion commerce platform will leverage the capital infusion for accelerated growth and to enhance consumer base, strengthen tech backbone and optimise operations, including marketing strategies.
Fynd had earlier raised $500,000 from Venture Catalysts in March and $500,000 from Silicon Valley-based Rocketship in May in its series A round.
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