Antler participated in a seed funding round led by IndiaQuotient that raised Rs 8 crore for Navo, a B2B fashion wholesale marketplace driven by AI.
The funding round expands on previous support from prominent angel investors, DeVC, and Bharat Founders Fund. The money raised will be utilized to improve supply chain management, increase retailer acquisition, and improve AI-driven trend forecasting.
Navo, which was started by Suparn Goel and Anshul Singhal, is revolutionizing the way small-town merchants find the newest styles.
The platform uses a proprietary AI engine that analyzes 10,000 YouTube videos and 5 lakh images every month to spot new trends before they become popular, such as the Alia Bhatt saree or the Mahakal T-shirt.
With doorstep delivery in 7–10 days, retailers can choose from over 5,000 carefully chosen designs that are added each month. Delivering sarees, suits, jeans, and T-shirts with a 50% repeat purchase rate within 30 days, it has onboarded 50,000 retailers in 250 districts.
Navo makes the digital wholesale experience user-friendly and engaging by providing reel-led discovery, agent-assisted calls, and live video shopping to mimic the offline experience.
