Joolz.in receives US$ 500,000 in pre-Series-A funding

Will use the funds for strengthening its team, marketing and operations
Joolz.in receives US$ 500,000 in pre-Series-A funding

Online jewellery marketplace Joolz.in has received funding of around US$ 500,000 as part of a pre-Series-A funding round, reports say. The company intends to apply this towards strengthening its team, marketing and operations.

At present, the marketplace has 35 jewellers who are part of it; the jewellers are brands and retailers who also have other selling channels.

The investors in the round included VC firms, Powerhouse Ventures from the US and M&S Partners from Japan. Participants in this round also included Other Ah! Ventures, Deepak Kasthwal - the former finance head of Ola; PKX Thomas - former chief technology officer at Cleartrip; and Mahesh Ahuja, director at Brittman, as per reports.


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