Sujayath Ali, chief executive of Voonik said funds will be used to upgrade all three product categories on its platform viz. Vilara (premium products category), menswear offering Mr. Voonik, women-focused core brand Voonik.
In this month firm acquired 3 firms- Zohraa
The investment firms have poured billions in startups. Now they demand these firms to focus on bottom lines to raise margins and become profitable. Now these startups are struggling to raise fresh capital over the period of last one year. Well it would be early to say the pockets are empty as some fresh ideas have gained traction from VCs in last two months.
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