PoshaQ sees ten-fold revenue growth in two years, plans international expansion
today Dec 27, 2019
Fashion technology start-up, PoshaQ, has seen its revenue grow ten-times in the part two years, as the artificial intelligence business prepares to take its fashion styling products to the international market.
PoshaQ is preparing to go international and expand its verticals, founders Yash Saxena and Ruchit Dalwadi, told YourStory. The business has seen its revenue increase ten-fold and counts online fashion giant Myntra as a client, as well as Bestseller and Prione, according to its founders.
“We are among the very few startups in India fusing computer vision and data analytics to solve problems at scale,” PoshaQ’s co-founder Yash Saxena told YourStory.
“We have worked with two of the top three fashion e-commerce players in India and have developed AI algorithms based on data related to fashion trends.
“While selling our products directly to retail companies that want to deploy AI/big data/ analytics to solve specific issues is the obvious way to go, we’re also focusing on partnering with existing tech companies and startups to deploy our products as a part of joint solutions,” co-founder Ruchit Dalwadi told YourStory.
The business creates an algorithm to style fashion outfits which can be used for e-commerce cataloguing and for new product creation. Businesses using the service can subscribe for a yearly fee or a one-time fee for special projects.
Yash Saxena and Ruchit Dalwadi founded PoshaQ in 2016 in Ahmedabad and the business is bootstrapped to date with a 15-strong team.
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