VivoCarat

  • Mumbai, India
  • FashionJewellery, FashionFashion Technology, Retail, E-commerce, Marketplace, Consumer Internet

VivoCarat is an omnichannel jewellery platform. A marketplace with In-Store Exp. Centres in select partner stores with zero inventory costs.

Founded:
2016
Stage:
Early Revenues
Market:
B2C

Startup Video

Featured

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Vivocarat.com raises $50000 in seed funding Read more at: http://economictimes.indiatimes.com/arti | Economic Times

Online jewellery marketplace VivoCarat.com has raised $50,000 in seed funding from a group of individual investors. The funds will be used for product development, team building and marketing. Founded in early 2016 by Ritesh Oza and Abhijith Shetty,

Dec 19, 2016

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Online jewellery marketplace VivoCarat raises seed funding | Techcircle

Online jewellery marketplace VivoCarat.com has raised $50,000 (Rs 33.8 lakh) in seed funding from a group of individual investors. The names of the investors were not divulged by the startup.

The corpus raised will be used for product development.

Dec 19, 2016


Founded

InCorporated

Dec

2015
New Product Release

Official Launch

Mar

2016
Customer

Crossed 100 transactions

Aug

Funding

Secured Seed funding of $50,000.

Oct

Customer

Crossed 250 transactions.

Dec

New Product Release

Partnered with the 30th brand/jeweller.

Jun

2017

Jobs

Team Summary

Ritesh comes from a family with a jewelry background and understands the customer & retailer pain points. Ex L&T IT & Shirsa Labs as a tech lead.

Abhijith has done his B.E. in E&C. Ex Jet Airways, Travelex India. Handles CS, ops & sales.

Team

Founding Team

Ritesh Oza

Ritesh Oza


CEO, Founder

CEO @ VivoCarat Responsible for: Product development, Marketing, Hiring Senior Software Dev @ Shirsa Labs Software Dev @ L&T Infotech, Marwadi with jewellery background, an engineer, obsessed with UI and product. Beta to Launch in 3 months

Abhijith Shetty

Abhijith Shetty


COO, Co-Founder

COO @ VivoCarat Responsible for: Operations, Sales, Customer delight. Previous: Senior Analyst @ Travelex India Systems Exec @ Jet Airways Techie, problem solver and a people’s person with excellent negotiation skills. Loves the customer.

WORK

VivoCarat (2015 - present)
Co Founder and COO

Travelex (2013 - 2015)
Senior Network and Telecom Analyst

TCeS (Jet Airways) (2011 - 2012)
Network and Telecom Executive

EDUCATION

Canara Engineering
Bachelor of Engineering (B.E.) • 2007 - 2011

Vartak College
2005 - 2007

Vidya Vikasini
1995 - 2005

Product/Service Summary

VivoCarat is a jewellery-tech company with a hybrid model; i.e. online aggregator with offline experience centres. This one of a kind model brings shoppers the ease & convenience of online shopping along with reassurance of in-store retail experience.

We cater to design centred modern Indian consumer with an emphasis on exceptional quality, transparency & affordable pricing. The company curates the 5000+ products from 30+ jewellery brands based not only on the style & structure but also for different occasions. We offer a unique customization option to customers where they can tweak the design as per their liking.

We have setup In-Store Experience Centres(with ZERO inventory costs) inside select retail store for customers needing help with jewellery buying or servicing. This is successfully piloted with positive results in 2 stores in Mumbai.

The expansion plan is to have 10 experience centres in Mumbai, Delhi & Banglore by end 2017 and 500+ exp centres across India by end of 2020.

Product/Service Descriptions

Partner Store Connect

Customers can visit a VivoCarat Partner Store to avail of services like,
-Vivo Lifetime buyback policy
-Product adjustments and servicing
-Try-at-shop feature
-Ring/Bangle sizing assistance

In-Store Experience Centres

We have partnered with Retail jewellers to create In-Store Experience Centres. This one of a kind model gives the customers the reassurance and trust when making a high-value purchase like jewellery. The partnered jewellers can beat the problem of fresh and trending designs by offering a digital outlet to their consumers.

Product Curation with Collections

On VivoCarat products are curated into collections based not only on the style and structure but also for different occasions which make it easier for the product discovery.