Bucket-listing Platform, Woovly Raises $2.6 Million in Pre-Series A Funding Round

The capital will help Woovly increase its existing user base and boost product development.
  • BY Jaspreet Kaur

    Feature Writer, BusinessEx

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  • Nov 02,2019
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  • 9 Mins Read

Bengaluru-based bucket listing platform, Woovly has recently raised $2.6 million in Pre-Series A funding round. The investment firm, Duane Park led the funding round along with other existing investment companies, encompassing Xelpmoc Design & Tech Ltd and SOSV IV LLC. 

The bucket listing platform helps users to ascertain and discover bucket list (wishlist) ideas with unique experiences across the globe. 

With this investment, Woovly’s funding has surged to $2.6 million in aggregate. The capital will help the firm increase its existing user base and boost product development. 

"Woovly came up with a compelling idea on bucket-listing, which enticed me to be a part of their journey. I believe that Woovly is poised to enthrall the next generation of global consumers who seek more meaningful experiences," Anurag Bhargava from Duane Park, said in the company’s official statement. 

Helping Users Fulfill their Bucklisted Ideas 

On Woovly, users can search for bucket list ideas. The platform renders different local activities, as well as tourist attractions, to users to map out their traveling schedule and at the same time, connect with other users having similar interests. It focuses on giving a wide spectrum of offerings to bucket listing area, clubbed with a series of activities that go simultaneously with the increasing consumer demand as well as requirements.   

"Millennials discover, research and shop on social not on search and India has one of the largest population of millennials in the world, said William Bao Bean, General Partner at SOSV and Managing Director at MOX. "We backed the Woovly team because they bring trust to the travel, experience, and lifestyle consumers," William Bao Bean, General Partner at SOSV and Managing Director at MOX, said. 

The bucket-listing platform holds three attributes that are--improved search and discovery of bucket list ideas and unique experience formed on demographics of users and their interests, amalgamating images, content metadata and social sharing activity and engaging in impressed product placement for a revenue model. 

"Woovly's offering is well-timed with the rapidly increasing demand for research and content sharing around Adventure, Unique Travel Destinations, Exotic Food, DIY Ideas, Photography and Fitness categories that extend the reach of the brand's content and drive business results," Venkat J, CEO & Co-founder of Woovly, said in the company’s official statement  

 "The Pre-Series A funding brings significant validation for Woovly and its business model, which witnessed a rapidly growing roster of users and market momentum," he added. 

Woovly was founded by Venkat J, CEO and Co-founder of Woovly, Neha Suyal, COO & Cofounder of Woovly and Hithendra Ramachandran, Co-founder of Woovly. Venkat J and Suyal have been alumni of Stanford Ignite. 



 








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