Fashalot, a location-based fashion and store discovery mobile platform, has raised an undisclosed pre-Series A funding, led by YourNest Angel Fund and marquee investor Rajul Garg.
The company will invest the funds for product development, talent and accelerating its business growth. Currently operational in Delhi-NCR and Bengaluru, the brand aims to ramp up its operations in new cities by the end of this year.
“We are on track to be the largest online to offline (O2O) location-based fashion discovery network in India and the capital raised will contribute significantly for us to achieve this goal,” said Amit Koshal, Founder and CEO of Fashalot.
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