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Zovi

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Online Style Destination For Real Fashionistas. Follow us @Zovi & share your Zovi Look with #ZoviDiaries.

Bengaluru, IndiaFounded 2010eCommerce & Marketplaces
Valuation $50–100M Last recorded · 2013
Revenue $10–50M Latest reported FY
Headcount 100–500 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Zovi and the history behind them.

About Zovi

Zovi.com was an online-first apparel and lifestyle brand in India, established in 2010 and officially launched in 2011. The company was founded by Satish Mani, Kavindra Mishra, Sartaj Mehta, and Navneet Rai. Satish Mani, an engineering graduate with a master's from Old Dominion University, brought his tech experience from roles at Cleartrip and Oracle. Kavindra Mishra, an IIM Bangalore alumnus, had an extensive background in retail and brand management with international brands like Tommy Hilfiger and United Colors of Benetton. The founders' vision was to build India's largest fashion brand online by controlling the entire process from design to delivery.

The business operated on a direct-to-consumer model, manufacturing and selling its own branded apparel and accessories exclusively through its website, Zovi.com. This strategy aimed to bypass the inefficiencies of traditional offline retail. The product line started with menswear and later expanded to include womenswear, footwear, and accessories, targeting the youth and college students with affordable pricing. Revenue was generated directly from the sales of these goods. To enhance the shopping experience, Zovi introduced features like "Live," which showed real-time shopping activities of other users, and a beta feature called "Eye" for virtual try-ons using a webcam.

Zovi.com achieved several milestones, including securing significant funding and making a strategic acquisition. The company raised a total of $65.5 million over four rounds from prominent investors such as Tiger Global Management, Elevation Capital (formerly SAIF Partners), Paytm, and GIC. Its first funding round was a Series A of $5.5 million in 2011. A key strategic move was the acquisition of Inkfruit, a community-based fashion retailer, in February 2013, which helped broaden its design capabilities and market reach. The founders of Zovi, Manish Chopra and Satish Mani, later raised $50 million in 2015 to launch a separate online-to-offline (O2O) deals marketplace called 'Little'. By 2016, Zovi's primary website became non-operational as the company shifted its sales focus to marketplaces like Amazon and Flipkart, citing a warehouse relocation. The brand eventually ceased operations.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2010
Headquarters
Bengaluru, India
Employees
115
Open positions
None listed
Dealroom signal
66.3/100
Industry
Fashion
Sub-industry
Apparel
Sector
eCommerce & Marketplaces, Style, Shopping, Delivery
Business model
Marketplace & ecommerce
Client focus
b2c
Investment activity
1 company, latest Feb 2013
Capital deployed
—
Preferred round
ACQUISITION

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SERIES C✓Equity / VC Feb 2013 $10M $40M Tiger Global —
SERIES B✓Equity / VC Jun 2012 $10M $40M Tiger Global —
Showing the latest 2 of 3 recorded eventsBook a demo for the full funding history →

Financials

Revenue over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowth
2026
2025
2024
2023
2022
2021
2020 —
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Growth signals

Zovi website traffic

Latest recorded traffic for Zovi is 1.4K monthly website visits, up 1066.7% over the last three months. Zovi's team grew 0.9% over the past year.

Latest monthly visits1.4K 3-month web change+1066.7% 1-year team growth+0.9%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

Team profiled 14 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
2 countries with
team presence
🇮🇳 India98%
🇺🇸 United States2%
2 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Zovi on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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