×
166
Fashion Jobs
RJCUBE STAFFING SOLUTIONS PVT LTD
Merchandising Manager For Garments Buying House, Noida
Permanent · Noida
ADD UR CO LLP
Production Manager
Permanent · Chennai
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
Published
Mar 7, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Koovs signs tech platform deal for Future's Brand Factory

Published
Mar 7, 2019

Koovs, the India-focused e-tailer that’s listed in London and designs its products from the UK, has signed a $1.4 million ‘technical services contract’ with the Indian business giant Future Group.


Koovs



It’s been signed through subsidiary Koovs Marketing Consulting Private Limited and will see it developing, hosting and maintaining an online platform for the Brand Factory arm of Future Lifestyle Fashions Limited (FLFL). The two companies have existing links with FLFL having recently invested in Koovs.

Koovs will receive a one-off payment of $1.4m for the development of the Brand Factory online platform and an ongoing maintenance fee for a term of 24 months. The value of the maintenance fee will be “equal to the cost incurred by Koovs in providing the maintenance of the Brand Factory online platform plus a management fee.”  Both the one-off payment and the maintenance fee are expected to be profitable for the company.

On delivery of the platform, it will issue FLFL a “non-exclusive, non-transferable, and non-assignable license.”
It’s a good example of Koovs, which has been through a bruising period that saw it needing to raise new finance, making money via its tech platform. 

CEO Mary Turner said its platform "is both market-leading and a proven success in India's rapidly expanding e-commerce market. This contract underlines the significant additional potential for growth that can be achieved by licensing our technology to third parties. Brand Factory is a household name in India, generating revenue of c.£188.5 million in the last three quarters, so their decision to work with us to provide the new online platform, is a huge validation of the capability and scalability of our technology.”

As mentioned, FLFL is already a stakeholder in the company and Koovs also said Thursday that the balance of the additional funding of £9.5 million to £10.5 million from FLFL will close shortly.

Copyright © 2022 FashionNetwork.com All rights reserved.