Virgio, an Indian fashion tech startup, raised US$37M in Series A funding.
The round was led by Prosus Ventures, Accel and Alpha Wave.
The company intends to use the funds to further its technology development and hiring efforts.
Led by Founder and CEO Amar Nagaram, Virgio is building a fashion tech platform that will allow designers to access consumer preferences in real-time. It is also envisioning a tech led network of factories which enable designers to quickly build prototypes, get consumer feedback, and scale up the production. The app will use the latest mobile app technologies to showcase these trends and styles in an interactive mode, bringing online shopping to consumers.
Previous angel investors include Mukesh Bansal, Kunal shah, Binny Bansal, Bhavesh Agarwal, Vidit Aatrey, Saif Ali Khan, Sriharsha Majety, Mekin Maheswari, Sameer Nigam, Reddy Ventures and Viko Ventures.
FinSMEs
16/12/2022