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Style Box

Company

Content

Owners

+ Agency for Strategic Initiatives (ASI)

History

2024: IIDF received 21.02% of the company

In mid-March 2024, it became known that the Style Box online clothing selection service from a stylist with home delivery received additional investments in the amount of 15 million rubles. The funds were provided by the Internet Initiatives Development Fund (IIDF), which as a result of the transaction increased its share in this startup to 21.02%.

In 2023, the IIDF received 7% in the Style Box project, providing investments of 5 million rubles. Thanks to the new deal, the fund's share in the project has tripled. At the same time, the company's business is estimated at 71.4 million rubles. It is noted that Style Box is actively expanding operations: within three months of acceleration, sales volumes have risen six times. In February 2024, the startup's monthly revenue exceeded 2.7 million rubles, rising 35% compared to the previous month.

Online clothing selection service from stylist with home delivery Style Box received additional investments in the amount of 15 million rubles

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In connection with the impressive dynamics, according to the results of the acceleration, the IIDF decided to provide the startup with seed financing in the amount of 15 million rubles, of which the fund sent 6.75 million rubles in December 2023, in March of the current [2024] year a second tranche of 8.25 million rubles was carried out, - the fund said.
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In January-February 2024, the IIDF held the tenth competitive selection for the Sprint accelerator. This is a three-month intensive development program for developers of IT solutions in the field of new Internet communication technologies: products for content management, data processing, online training, collaboration and other tasks. The initiative is being implemented with support Ministry of Digital Development Russia within the framework of the federal project "Digital Technologies" of the national program "Digital Economy." of the Russian Federation During the accelerator, 392 finalists of previous selections attracted 102,954 new users and received about 584 million rubles in revenue.[1]

Notes