New online business participant Mayfair raises $3.2 million up in seed subsidizing from Nexus Venture Partners and CDH Investments. The organization intends to utilize the crisp financing to increase its procurement. The other platforms also include operations and team strengthening.
The design and fashion industry in India is pegged at $100 billion and growing at a CAGR of 8-10 percent. The section is also further anticipated to develop by 15-20 percent throughout the following four years. Currently the sector is growing at 4%. Further, the Indian fashion industry is worth of $70 billion, of which just 25 percent is the sorted out retail showcase.
Gurugram-based Mayfair offers moderate style services. The Company focuses on clothing, accessories, home and living essentials.
Since its day of inception in October 2018 the Company claims to be A class in data science. The founders Chi Xue and Eddie Dang also claim that they use AI platform to understand Customer demand’s trends.
Dissimilar to other conventional style brands, Mayfair utilizes huge information to interpret client request. The Company successfully turn the ongoing demands into froceable actions. Thus, the providers can transform a one of a kind plan with great quality in a short turnaround time.