WorldArtCommunity Receives Angel Investment of $200,000 to Grow Its Online Art and Craft Marketplace

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Growing interest in Indian e-commerce, online marketplaces and peer-to-peer commerce is creating opportunities for both investors and start-ups alike. In this scenario - Gurgaon based online marketplace for Arts, Crafts and Design – WorldArtCommunity has raised a round of angel investment of USD 200,000.

The interest in Indian e-commerce and online marketplaces continues to grow. Peer-to-peer commerce spaces are creating opportunities for both investors and start-ups alike. In line with the emerging trends, Gurgaon based online marketplace for Arts, Crafts and Design WorldArtCommunity has raised a round of angel investment of USD 200,000.

Launched in Dec. 2014 by IIT alumnus Shobhit Arora, who has held senior positions in GE and Standard Chartered Bank, http://www.worldartcommunity.com is an online platform that enables artists, crafts-persons and designers to create their own online store and sell their creations. Setting up an online store through a self-serve model is free and there is a 10% commission on successful transactions charged by WorldArtCommunity.

"Our belief is that artists can find financial and personal reward using the power of collaborative technology. Being a true marketplace, we've been focused on building and curating the right set of partners and products. Within a span of three months, we have over 150 partner-artists and designers on board with over 2000 unique creations. We expect this funding to drive rapid growth and enable outreach out to a discerning audience who truly appreciate unique, handcrafted creations," shares Shobhit.

One of the key investors in the project is Viraj Tyagi - Founder & CEO, Nettpositive which has got recently acquired by Global Information Provider, Equifax. Says Viraj - "I've always been a strong proponent of marketplace model purely for the reasons of scalability and sustainability. Arts and Design market provides significant opportunity for growth, especially for a country like India."

Looking at the future Shobhit shares his plans when he says, "World Art Community aims to create an integrated ecosystem of art creators and art lovers. We would also be present in the real world art scene through participation and education. We ultimately seek to anticipate and set trends in creative lifestyle."

For more information and answers to queries e mail: contact(at)worldartcommunity(dot)com

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