ShoutO.app, a fashion discovery platform, has raised $1.6 million in a pre-seed round led by Saama Capital with participation from Whiteboard Capital, Google Veteran, Amit Singhal, and Arjun Vaidya with 25 D2c founder angels.
According to ShoutO, the funds will be invested in product development, creator acquisition and engagement, and building a strong founding team of engineers and creator success managers.
Co-founded by Maruthi Ramgandhi, Abhishek Handa and Ayyappan Lakshmanan, ShoutO is creating a new online fashion shopping experience targeting Gen Z and young millennial consumers, offering them a platform to discover and shop premium fashion brands as well as discover private labels.
ShoutO fashion creators create their own Shopify-like stores, recommend products, and monetise based on traction, while consumers browse and discover styles recommended by their favourite fashion creators.
ShoutO claims that it has scaled to more than 50 creator stores with over 3,000 fashion recommendations on the platform. With over 60,000 monthly active users, ShoutO aims to have 500K monthly active users by December this year.
The company also looks to raise a larger next round.
recently, on 13 July OneCard entered in Unicorn list with raises of over $102 Mn at $1.2 Billion valuation, and 5ire raised $100 Mn in Series A at a $1.5 Billion Valuation and entered in Unicorn club and become the 115th Indian Unicorn Startup.
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