Yufta is a Jaipur based hyperlocal fashion retail platform. It has raised an undisclosed amount of funding in its pre series A round from Ajay Data one of the founding member of Rajasthan Angel Network founder, CEO of Data Infosys Ltd and other HNIs. With this funding Yufta will plan to expand their business in Delhi, Mumbai and Bangalore in the next 6 months and also will be used for technology upgradation. With this funding, Ajay Gupta one of the investor will join the board at Yufta.
Yufta was founded in 2014 by Ravi Khandelwal, Ritesh Khandelwal and Tarun Sharma. It is a shopping platform for women that helps them to select products among major fashion trends. Yufta is a real online shopping experience with a variety of products available which gives users the chance to select what to buy online. With 10 stores across Jaipur, team of yufta is planning to have over 50 stores in Jaipur in the next few months. Currently it is shipping over 300 units per day, till day Yufta has shipped more then 1 lakh units.
Ritesh Khandelwal, Co-founder and CEO of Yufta, said,
“We at Yufta are trying to solve basic ecommerce hurdles by combining technology and operation in efficient manner in an omni-channel model. Our core hypothesis is that, for ecommerce in India, we can grow big and fast by complementing offline rather than competing with offline.”