Sujayath Ali: The man behind Voonik
In FY17, the company saw a burn of Rs 135 crore while the revenue was Rs 117 crore, and again in FY16 when its revenue was Rs 26 crore the burn was Rs 86 crore.
Voonik raises its fashion quotient with $20 million in Series-B funding Online women fashion portal Voonik reached Ebitda profitability at a monthly level, co-founder and CEO Sujayath Ali said.
In FY17, the company saw a burn of Rs 135 crore while the revenue was Rs 117 crore, and again in FY16 when its revenue was Rs 26 crore the burn was Rs 86 crore.
Ali started Voonik with an aim to communize fashion through technology. From being bullied as a child for his dressing sense to running a profitable marketplace, Sujayath Ali has come a long way.
An MBA in Technology and Finance from The Indian School of Business, Ali started Voonik in the year 2013 along with his partner Navaneetha Krishnan. He also holds a bachelor’s degree in Computer Science Engineering from Mepco Schlenk Engineering College.
Ali participated in Bloomberg India’s ‘The Pitch 3.0’ along with 10 other entrepreneurs. He was declared the winner resulting in a funding worth Rs 2.5 crores from SeedFund.
Sujayat started Voonik with a unique idea. He wondered how people would shop 20 years down the line. Then the idea of personal assistance struck his mind.
Voonik is a platform that uses inputs such a body shape, skin tone, height and personal style and tastes to help customers choose the best possible product for them.
The portal also advices of the accessories that would go with the outfit that the customers buy.
Ali was earlier working with Amazon as the senior product manager in US. He left his job and moved back to India to start Voonik.
The LinkedIn profile of Ali says that, the Voonik app was envisioned to be every woman's personal stylist. It has over 7 million registered users, with 5 million app downloads. It has over 15 lakh products from more than 6000 sellers.
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