Fashion marketplace Voonik has appointed Raghu Lakkapragada as its Chief Operating Officer (COO), reports Business Standard. This is the company’s second high level hire this month after it hired former Finance Head of Myntra Prabhakar Sunder as Chief Finance Officer (CFO).
Prior to Voonik, Raghu Lakkapragada was the head of seller fulfilled business at Amazon India for over 3 years, before which he was the head of self service registration channel and seller experience for nearly 3 years. He also worked as the seller experience product leader at Junglee and Amazon India, as well as as a senior product manager at Amazon Payments Europe. He started off his career in 1997 as a technical architect and project manager in Infosys.
Voonik funding: Earlier this month Voonik raised $3 million in funding from InnoVen Capital. This funding came a month after the company raised $20 million in a series B round of funding led by Sequoia Capital, with participation from Seedfund and a cluster of other investors. At the time, the company said it would use the funding for enhancing customer experience, strengthening its personalization engine, and to scale up its men’s ecommerce store Mr Voonik and online luxury store Vilara.
Acqui-hires: In July, Voonik acqui-hired three different startups: Zohraa, a marketplace for designers and boutiques, that entered the e-commerce space through the launch of Voonik-owned portal Vilara.com, Styl, a salon and spa booking app, and Picksilk, an online silk store. The company did not disclose the size of the deals. But it has stated that the aqui-hires will help Voonik in strengthening core offerings in technology and product.
In February, Voonik had acqui-hired Getsty, a personal shopping platform for men, for an undisclosed amount. In August last year, it had acqui-hired TrialKart, a mobile platform for providing virtual dressing room experience.
Currently, Voonik claims to have an annual GMV rate of over $100 million with over 10 Million registered users. It also claims to have over 15 lakh fashion products from more than 15,000 sellers on its ecommerce platform. The company operates as a full marketplace model without a local inventory or fulfillment centers. It sells unbranded fashion products across categories like ethnic and western wears, lingerie, footwear, accessories and jewelry, among others.