Cloud Tailor raises $1 million to fuel growth plans
Cloud Tailor, a direct-to-consumer (D2C) platform has raised $1 million (Rs 7 crore) in a pre-series A funding round led by 35North Ventures along with Mergerdomo.
Cloud Tailor will utilise the funds towards the expansion of personalized fashion fulfillment centres across eight cities in India (Hyderabad, Bengaluru, Delhi NCR, Kolkata, Pune, Chennai, Patna, and Mumbai) and growth of its technology team and the marketplace business models for Cloud Tailor.
Commenting on the funding, Susmitha Lakkakula, founder of Cloud Tailor in a statement said, “We are excited to announce 35North Ventures and MergerDomo’s investment in Cloud Tailor. We’re glad to have found the perfect partners who support our vision of creating and optimizing consumer experience in personalized fashion like never before, disrupting the D2C fashion space through technology and cultivating consumer relationships across the globe with those seeking quality.”
Ashwani Singh from 35North Ventures added, “We are very happy to partner with Cloud Tailor in its growth journey towards becoming the D2C brand to reckon with in the personalized fashion sector. We look forward to a great journey ahead and we wish the team at Cloud Tailor great success in the years to come.”
Founded in December 2020, Cloud Tailor is the brainchild of Hyderabad-based wife-and-husband duo, Susmitha and Rudra Pratap. Cloud Tailor claims that it will be operational across 20 cities in the coming two quarters.
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