Delhi-based Survar Media Pvt. Ltd, which runs online fashion discovery platform Hoppingo, has raised Rs 60 lakh ($89,000) in its second round of funding from Gurgaon-based vCommission, which is a 100% subsidiary of Adways VC India Pvt. Ltd, a joint venture between Tokyo Stock Exchange-listed Adways Inc and VC Internet Media, the deal involves cash and advertising components.
Launching operations in November 2014, the website curates 500 new products on an everyday basis. It claims to have clocked Rs 40 lakh in net sales in FY2014-15.
Run by Survar Media Pvt Ltd, Hoppingo offers around 800 e-stores across categories like mobile, laptop, tablet, television, wearable tech, computer peripherals and accessories, kitchen and home appliances.
The firm, which was rated among the top 32 startups in India by NASSCOM in October 2015, had raised its first round of funding from Bhaskar Viswanadham—who has been working with New York-based Broadridge Financial Solutions—last year.
Last month, vCommission invested in two startups—LetReach and Spinsvilla. While LetReach is a push notification tool for websites that helps brands reach consumers, Spinsvilla is a UK-based entertainment gambling website.
Earlier this month, Mumbai-based Hippily Technology Pvt. Ltd, which operates shopping personalisation app for women Hippily, had raised $250,000 in seed funding.