Eat.Shop.Love lifts $3.5 million in angel funding

Eat.Shop.Love, a Bengaluru-based fashion eCommerce portal has secured $3.5 million in an angel funding led by a London- based investor.
Eat.Shop.Love lifts $3.5 million in angel funding
Eat.Shop.Love, a Bengaluru-based fashion eCommerce portal has secured $3.5 million in an angel funding led by a London- based investor.
The portal plans to transform into a brand within house designer from a vendor sourcing model. The raised funds would be invested in hiring a professional design team and to establish a manufacturing unit. The portal is also in talks to expand to Delhi and Mumbai. Soon after the launch of its first in-house collection, the portal will offer a 24*7 service delivery to the customers.

As per Oindrila Sengupta, Co-Founder, Eat.Shop.Love, the design and quality of products have been improved as now they will have everything in-house. She also further elaborated that building a brand from scratch is not a cake walk and all previous product managers were engineers, so now they plan to hire designers as product managers who will understand the fashion product and the apparel industry better.

Eat.Shop.Love was founded last year in July to cater to urban women who can independently select their own lifestyle when it comes to fashion and travel. The online portal claims to deliver 175-200 orders per day, and the plan is to double the figure by the end of this year. Last year, it raised a seed funding of $1 million, and started breaking even a month later.

 

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