Voonik raises Rs 133 crores fresh funds

Bangalore-based startup Voonik Technologies, which owns and operates fashion ecommerce platform Voonik, has raised 20 million dollars (Rs 133 crores) in fresh round of funding. The latest funding has been led by, Sequoia Capital, with Seedfund, also an early backer of the firm, and a clutch of new investors. The new investors include, Japanese ecommerce operator Beenos, Singapore-based venture capital fund Beenext, Tancom Investments and Times Internet, the digital product and investment arm of the Times Group, the publisher of this newspaper. Proceeds from the Series B round will be used towards strengthening all three product categories on its platform, which includes premium products category Vilara, menswear offering Mr Voonik, and its core women-focused vertical.