Threads & Needles, an aggregator of Fashion Designers has received seed funding from Tarun Kakani CEO of Glocal Technology Solutions (GTS), Amaravathi,Andhra Pradesh. Mr. Tarun said “GTS is a company that provides localized global solutions in IT, with the vision of empowerment of local entities to function at a global standard with the help of technology that are globally accessible and constantly upgraded”. He also added “it is one of the first startup funds from GTS especially in the online fashion business. Threads & Needles is where the future of clothing lies for millennials. While all the existing Myntra/Jabong and Flipkart etc have their style, customers today need customisable options, local flavor and a touch of personalisation which Threads & Needles offers. Besides it is a pioneer in the Amaravati region in the fashion line. The team behind Threads & Needles has got the right mix and they have the passion to make it happen, that’s what made me invest in Threads & Needles. I will also invest in a phase wise manner based on the performance and results of Threads & Needles”.
B.Kalyan Chakravarthi (CEO & Co-Founder – Threads & Needles) said “Tarun sir is not just an investor but a mentor for us. Team Threads & Needles take this as an opportunity to welcome you on board sir. This fund will enable us to expand our team and scale up business operations. Also, a major part of the fund will be used for client acquisition, software development and enhancing the idea of 100% customization. We are targeting at registering 1000+ boutiques & designers by the end of October 2017”.
The fashion industry all over the globe is known as a thriving trade. The online clothing marketplace business happens to be a subset of the industry is also booming over the years. Threads & Needles would be promising platform for amateur designers from fashion schools. Miss Sujita.D (CDO & Co-Founder – Threads & Needles) said “building a company from the bootstrap level to seed fund level is a major milestone. We are looking at creating career options for fashion students who will be part of our Design and R&D division. Team Threads & Needles work with the vision of meeting every customer’s satisfactory quotient and working with most eminent people in the industry will make us a promising brand in the near future.”
The quest for fashion is never ending and Threads & Needles is taking it to the next level with the right use of technology and understanding the needs of its clients and customers. “As creating a global market for local designers (in India), we will work effectively in creating a whole new shopping experience for Indians abroad” says Vinay Penikalapati (CTO & Co-Founder).
Read more Funding News
Want to be a guest author? Register Here to share your business knowledge with our readers.