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An end-to-end fashion startup called <keyword id="3420510" type="UNKNOWN" weightage="20" keywordseo="coutloot">Coutloot</keyword> has managed to impress <a href="http://www.businessinsider.in/9-tough-questions-Google-Apple-Facebook-ask-in-interviews/articleshow/51454056.cms">Facebook</a> with its offerings. It is helping people sell their branded clothes to buyers who’re interested in buying used, affordable, branded apparel. 
 
Statistics suggest that only we use only 20 per cent of the clothes we own. ‘CoutLoot’ is trying to give a solution for the 80% unused clothes lying in your wardrobe. The founders call it a curated marketplace service for people to buy and sell authentic, pre-loved and pre-owned fashion, where the seller can earn easy cash for his unused branded items and the buyer can buy the best brands at more than 70 percent off. 
 <keyword id="6354576" type="CITY" weightage="100" keywordseo="Facebook">Facebook</keyword> has recently selected CoutLoot for its developer-focused FbStart programme, which is designed to help early-stage mobile-focused start-ups build and grow their apps. The startup has received access to $40,000 worth of credits and services from Facebook and other platforms. 
 Under the programme, CoutLoot would be receive mentoring from Facebook’s engineering teams and services from its partners including AWS, Annie, <keyword id="285445" type="COMPANY" weightage="20" keywordseo="Dropbox">Dropbox</keyword>, Adobe and MailChim. 
 
It will also get a chance to access its exclusive community of developers and worldwide events. The programme provides free access to more than 25 services, including open source tools such as React Native, FB Login, Account Kit and App Analytics. 
 
“We at CoutLoot are constantly striving to make pre-loved and pre-owned <a href="http://www.businessinsider.in/New-kid-on-the-block-Postfold-offers-apparel-you-can-wear-both-to-work-and-after-office-parties/articleshow/50030350.cms">fashion </a>reselling a first-of-its-kind experience in India. Although our primary objective is to tackle the problems of scale and quality service in this space, we are focusing on enhancing user engagement and growing the user base. The FbStart programme will be an immense boost to us in this phase of our evolution. Receiving mentorship from the pioneer of social networking presents a huge opportunity for us to lead the fashion re-commerce revolution in India in the next couple of years,” Jasmeet Thind, Co-founder, CoutLoot told media.

Facebook just pumped $40,000 into this Indian fashion startup

<ul><li>Finance Minister <keyword id="129243" type="PERSON" weightage="20" keywordseo="Nirmala-Sitharaman">Nirmala Sitharaman</keyword> on Saturday announced that the government will set aside ₹6,000 crore for <keyword id="2791195" type="PERSON" weightage="20" keywordseo="BharatNet">BharatNet</keyword>, a step towards ensuring that the internet reaches every home.</li><li>The government also intends to build data centre parks throughout the country to focus on new age technologies like Artificial Intelligence (AI) and Internet of Things (IoT).</li><li>Industry experts voiced their enthusiasm about the government’s steps towards giving digital ecosystem a boost.</li></ul>Digital is the way forward and that is clear from the government's attempt to boost the country's digital infrastructure. Finance Minister Nirmala Sitharaman on Saturday announced that the government will set aside ₹6,000 crore for BharatNet, a step towards ensuring that the internet reaches every home. While the digital ecosystem has already been seeing an impressive growth in the country these past few years, this step will further bolster the growth, giving digital-backed businesses a huge boost. Moreover, the government also intends to build data centre parks throughout the country to focus on new age technologies like Artificial Intelligence (AI) and Internet of Things (IoT). Digital stakeholders from the industry were quick to acknowledge the boost that the move will give the entire ecosystem and came out together to laud the government's move. Here are some voices from the industry sharing their enthusiasm. Gautam Sinha, CEO,Times Internet: <keyword id="7836802" type="UNKNOWN" weightage="20" keywordseo="Budget-2020">Budget 2020</keyword> is a promising step towards establishing India’s future as an enduring digital economy. The increased focus on improving data connectivity under Bharat Net, steps to boost the smartphone manufacturing industry and the Rs 8,000Cr allocation for the National Mission on Quantum Computing &amp; Technology will help build better digital infrastructure to support this sector's rapid growth. Finally, deferring tax on ESOP's for startups is also a major move that will help promising startups attract and retain talent that would fuel our burgeoning digital ecosystem. MVS Murthy, Head – Marketing and Digital, Tata Asset Management: This Budget gives a strong tailwind to all things digital. Support to smartphone manufacturing while harnessing the engineering and design skills is another progressive step in the Make in India story. Over 6 lakh anganwadi workers being equipped with smartphones to upload the nutrition status of 10 crore households, is a great step to leverage technology and address health care of children. Use of AI towards an endeavor to eradicate TB is yet another step towards human life enhancement. Embracing technology through Analytics, IoT and AI augurs well for us as a 21st century powerhouse economy. Including 100,000 Gram Panchayats in this mission through BharatNet will integrate us as a nation digitally. Smart meters, use of solar panels alongside railway tracks benefit the households and also makes us seen as a conscious consumer of green-tech. There are enough opportunities for global companies, partners and startup’s in India to actively participate in India’s continued efforts in harnessing tech for public good and welfare. Shrenik Gandhi, Chief Executive Officer and Co-Founder, White Rivers Media: There will be views that support right and views that support left, but I strongly believe, data and digital occupied the centrepiece of the budget! The fact that we moved beyond jargon war and marching towards embracing digital technology is a very strong positive move. New age technologies, keeping data and digital at the heart of it shall lead to big reforms. Focus on IoT, Data Parks, AI shall make India a strong contender amongst the top digital economies, globally. The ambitious fibre to home proposal shall get the next 100M in the Digital universe soon. All in all, it’s a very positive budget for digital by the government which has always vouched for the power of digital. The same coupled with reduced tax slabs and abolition of DDT shall lead to higher disposable income; thus enabling more consumption. Redickaa Subrammanian, Co-founder and CEO, Resulticks: Digital disruption has transformed India’s business landscape and the announcement for building more data center parks will further aid in laying a strong foundation for a digitally connected country. Rs 8000 crore allotment for developing quantum technology is impressive, and this in tandem with the grassroots level skilling initiatives, make for a strong technology ecosystem. Engineering students will also gain real-world experience through the new internship programs, creating a digitally skilled talent pool equipped to work in a digital economy. As a fast growing AI and ML based technology start-up, we welcome setting up of the investment clearance cell. The proposed revisions in the income tax structure should lead to increased consumer demand and provide an overall impetus for economic growth in India. The announcement made in Budget 2020 showcases the government’s support for India's technological advancement and we are excited about the entrepreneurial spirit it promotes. Ambika Sharma, Managing Director &amp; Founder at Pulp Strategy: The latest budget announcement for the year 2020 -21 bears vast potential in shaping India’s road towards achieving its target of emerging as a 5 trillion dollar economy. With India currently posed as the fifth largest economy in the world, I am particularly enthralled by the government’s decision to optimize new-age disruptive technologies such as Machine Learning, robotics and Artificial Intelligence (AI) towards attaining a seamless and integrated service sector. Further advancing the digital revolution in the country is the government’s resolution of developing state-of-the-art data centers across the nation. Moreover, the FM’s proposal to allocate Rs 6,000 crore for connecting 100,000 Gram Panchayats by FY21 will also prove instrumental in accelerating India’s journey towards becoming a tech –enabled nation. Chetan Asher, Co-founder &amp; CEO, Tonic Worldwide: This budget makes me optimistic about the growth of digital ecosystem. Firstly the Rs 6,000 crore allocation towards BharatNet will give last mile connectivity the impetus that it needs and pave way for digital transformation at all levels. Allowing private players to build data centers and encouraging production of mobile and network devices will all compliment each other in growing the ecosystem. Jasmeet Thind, Co-founder, Coutloot: With technologies like AI, IoT and Data Analytics transforming the world, and cutting across streams, the <keyword id="8192304" type="UNKNOWN" weightage="20" keywordseo="union-budget-2020">Union Budget 2020</keyword> has introduced some ample changes that will certainly benefit the start-up community. The finance minister announcing that entrepreneurs from rural areas will be offered additional opportunities to learn and develop their skill sets is definitely a moment to rejoice. Stressing on digital connectivity throughout the country the Rs 6000 crore allocated for the same under the BharatNet program, we are happy that aspiring entrepreneurs and small businesses from suburban and rural areas will be able to scale their business outside of their towns. We will continue to offer our support to enable them to achieve their goal and own successful businesses.

As the government sets aside ₹6,000 crore for BharatNet in the Union Budget, the industry rejoices

2016 has been a weird year but there have been some upsides to it. E-commerce grew like never before thanks to demonetization and as a result, fashion as a category has been positively affected this year. 
 <keyword id="824043" type="COMPANY" weightage="20" keywordseo="Business-Insider">Business Insider</keyword> decided to delve into five trends that have upped the ante for fashion due to e-commerce. Here they are: 
 
The rise of Fashion re-commerce The idea of re-commerce involves reselling products or items as you outgrow them. Today there is an increasing awareness among consumers to re-use and recycle and for the longest time there was no platform that allowed selling and buying of goods that are still in perfect condition. This gave birth to a number of re-commerce <keyword id="4790514" type="UNKNOWN" weightage="100" keywordseo="Fashion-startups">fashion startups</keyword> such as Coutloot –where you can buy and sell pre-loved clothes very easily and <keyword id="2988345" type="UNKNOWN" weightage="20" keywordseo="zapyle">Zapyle</keyword> that sells pre-owned luxury goods. 
 
<a href="http://BI Year-Ender: Five emerging start-ups that got $100 million funding in 2016">ALSO READ: BI Year-Ender: Five emerging start-ups that got $100 million funding in 2016</a> 
 
Online to offline fashion retail A decade ago, most websites were essentially a digital brochure comprising images, descriptions, and specifications of products you could buy somewhere else. Soon the online platforms started selling products and services on their platforms. Hence online to offline shopping concept evolved and many retailers took the omnichannel route. For instance <keyword id="6388367" type="COMPANY" weightage="20" keywordseo="Jabong">Jabong</keyword> has announced the full-service retail store in Bangalore, similarly, Mumbai fashion startup <keyword id="3345167" type="UNKNOWN" weightage="20" keywordseo="Fynd">FYND</keyword> launched, an in-store feature that helps customers Browse + Discover products that are available, not just in that store, but every store of that brand. 
 
<keyword id="6357455" type="EVENT" weightage="20" keywordseo="Funding">Funding</keyword> in Fashion startups 
Indian based entrepreneurs are successfully using social media to create fashion communities that together discover, share and, most importantly, buy. While the fashion e-commerce space is already crowded, there are few unique fashion tech startups that are opening greater possibilities in the exclusive world of fashion. Talent &amp; discovery, social &amp; talent networking platforms, focusing on community building, to re-commerce, a lot of fashion-tech companies have created a niche for themselves and growing exponentially. This also remains one of the main reasons why Fashion startups continue to draw investor’s attention. 
 
<a href="http://www.businessinsider.in/here-are-the-top-five-top-selling-smartphones-on-flipkart/articleshow/56238383.cms">ALSO READ: Here are the top five top selling smartphones on Flipkart</a> 
 
Focus on homegrown fashion talents and professionals 
India has emerged as the one of the world’s largest talent producing countries in fashion. Lack of opportunities and limited access to the world outside are the existing challenges for aspiring minds from Tier 2 / 3 market. With the help of digitization, few fashion startups are able to connect this talent and create avenues for them. From talent networking to portfolio management these platforms have a lot to offer. 6Degree a fashion-tech platform has created opportunities for not only new designers but also for fashion professionals who have started late in their career. 
 
<a href="http://www.businessinsider.in/45-of-indian-millenials-consulted-for-lifestyle-diseases-in-2016/articleshow/56240441.cms">ALSO READ: 45% of Indian Millenials consulted for lifestyle diseases in 2016</a> 
 
Customer experience on priority 
Use of technology for enhanced fashion buying experience, hassle-free exchange and return etc 
A lot of Fashion based startups are shifting their focus on customer delight to bring in the enhanced buying experience. Implementing newer technology for the smooth transition, they are making sure that consumers interact with retailers in multiple ways. Innovation in technology has led these startups to create a unique proposition that helps them standout. Innovative technology-driven concepts like digital stores, Virtual assistant, Fashion chat bots are introduced everyday is bridging the gap between retailers and customers, like never before.

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Facebook just pumped $40,000 into this Indian fashion startup

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As the government sets aside ₹6,000 crore for BharatNet in the Union Budget, the industry rejoices

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Fashion Startups that started five Top Trends of 2016

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