VC Circle 1 May 2013
Voylla.com, a jewelry and accessory e-tailer owned by Bangalore-based Voylla Retail Pvt Ltd, has raised Rs 2.5 crore in funding from Pune-based Snow Leopard Technology Ventures, a venture fund that provides seed capital to internet and technology businesses in India. The money raised will be primarily utilised to expand the startup’s operations and marketing initiatives.
As part of the investment, Chris Kolenaty, partner at Snow Leopard, will join the board of Voylla.
“The capital raised will further accelerate our expansion plans and will largely be deployed for operations expansion and marketing spend to enhance our ability to service jewellery customers around the world,” said Vishwas Shringi, co-founder and CEO of Voylla.