Highlights
Navo, an AI-driven platform for B2B fashion wholesale, has successfully secured Rs 8 crore in a seed funding round. This round was led by IndiaQuotient, with additional contributions from Antler. This funding builds on previous support from DeVC, Bharat Founders Fund, and prominent angel investors. The funds will be allocated towards expanding retailer acquisition, improving AI-enabled trend prediction, and fortifying supply chain operations.
Navo was established by Suparn Goel and Anshul Singhal with the aim of transforming how small-town retailers find trending fashion. By utilising a unique AI engine that analyses 10,000 YouTube videos and 500,000 images each month, Navo identifies upcoming trends, whether it’s an Alia Bhatt saree or a Mahakal T-shirt, before they gain mainstream popularity.
Extensive Catalogue and Quick Delivery
Retailers have access to over 5,000 carefully curated designs each month, with deliveries made directly to their locations in just 7 to 10 days. So far, Navo has partnered with 50,000 retailers across 250 districts, successfully delivering sarees, suits, jeans, and T-shirts, achieving a 50% repeat purchase rate within 30 days.
Innovative Shopping Experience
To create an engaging offline-like experience, Navo incorporates live video shopping, reels-led discovery, and agent-assisted calls, ensuring the digital wholesale process remains intuitive and interactive.