Varaha Studio is a pioneering startup in the retail industry, founded in 2018. The company has identified a critical challenge faced by e-commerce companies – significant financial losses due to product returns, and the struggle of customers with size and fit issues. To address this, Varaha Studio has developed WonderShop, an innovative Augmented Reality virtual trial room platform. This product enables users to create virtual avatars and try on clothes in Augmented Reality, potentially revolutionizing the online shopping experience. In 02 June 2020, Varaha Studio secured a Pre Seed Round investment, with Kiran Darisi as the investor. This investment not only signifies faith in the potential of the startup but also provides the necessary capital for further development and market penetration. The rise of digital shopping and the increasing adoption of technology emphasize the urgency for solutions like WonderShop. By addressing the pain points of both consumers and online stores, Varaha Studio presents a promising opportunity for investors looking to support cutting-edge solutions in the retail and e-commerce space.
| Funding Stage | Amount | No. Investors | Investors | Date |
|---|---|---|---|---|
| Pre Seed Round | Unknown | 1 | Kiran Darisi | 02 Jun 2020 |
| Grant | Unknown | 1 | SR Innovation Exchange | 11 Feb 2020 |
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