Startups
Stylumia was founded by Ganesh Subramanian, Ex COO of Indian fashion e-commerce giant Myntra in December 2015, with a mission of reducing wastage in the fashion and lifestyle industry. Stylumia leverages machine learning to improve product assortments, optimise inventory management, and offers the most accurate consumer-driven fashion forecast in the industry.
Stylumia customers from the fashion and lifestyle industry range from the Fortune 100 list to small and medium brands and retailers. Stylumia serves them through their suite of proprietary solutions powered by machine learning-based prediction algorithms, computer vision and award-winning proprietary Demand-Science™. This is a radical approach compared to the supply-driven or intuitive fashion prediction and fashion forecasting systems available in the market globally. Most analyses focus on what is in the market already and is therefore flawed, being more an indicator of what was supplied and not what is selling well.
Stylumia's customers have significant revenue growth, inventory reduction and increased profitability by 30-50% in under 12 months with 10x return on investment.
Stylumia has been recognised as one of the six circular change-makers by United Nations, H&M Innovations and Intellicap for making a significant contribution to sustainability. Stylumia has thus far eliminated wastage of over 60 million garments by reducing guesswork.
# Stylumia is a part of the select few Intel AI Builders.
# Stylumia has been chosen as one of the top 100 startups globally by Entrepreneurship World Cup 2020.
# SAP.io, Berlin has chosen Stylumia to be one of the 7 start-ups globally for its first-ever data and analytics program in 2020.
# Amazon AI Conclave- Retail: Winner 2019.
# Your Story Tech Sparks: Winner 2019.
# NASSCOM: Emerge 50 Winner 2019. (look for Stylumia on page 67),
# Top 25 Artificial Intelligence companies APAC 2017 by CIO Advisor.
# Business Of Fashion(BOF) recently covered our latest innovation, ImaGenie, one of its kind in the world of Design assistant.
# Stylumia wins the Aegis Graham Bell Award for Innovation in Artificial Intelligence-powered innovation for Retail.
Stylumia customers from the fashion and lifestyle industry range from the Fortune 100 list to small and medium brands and retailers. Stylumia serves them through their suite of proprietary solutions powered by machine learning-based prediction algorithms, computer vision and award-winning proprietary Demand-Science™. This is a radical approach compared to the supply-driven or intuitive fashion prediction and fashion forecasting systems available in the market globally. Most analyses focus on what is in the market already and is therefore flawed, being more an indicator of what was supplied and not what is selling well.
Stylumia's customers have significant revenue growth, inventory reduction and increased profitability by 30-50% in under 12 months with 10x return on investment.
Stylumia has been recognised as one of the six circular change-makers by United Nations, H&M Innovations and Intellicap for making a significant contribution to sustainability. Stylumia has thus far eliminated wastage of over 60 million garments by reducing guesswork.
# Stylumia is a part of the select few Intel AI Builders.
# Stylumia has been chosen as one of the top 100 startups globally by Entrepreneurship World Cup 2020.
# SAP.io, Berlin has chosen Stylumia to be one of the 7 start-ups globally for its first-ever data and analytics program in 2020.
# Amazon AI Conclave- Retail: Winner 2019.
# Your Story Tech Sparks: Winner 2019.
# NASSCOM: Emerge 50 Winner 2019. (look for Stylumia on page 67),
# Top 25 Artificial Intelligence companies APAC 2017 by CIO Advisor.
# Business Of Fashion(BOF) recently covered our latest innovation, ImaGenie, one of its kind in the world of Design assistant.
# Stylumia wins the Aegis Graham Bell Award for Innovation in Artificial Intelligence-powered innovation for Retail.
Overview
Location
India, Karnataka, Bengaluru
Employees
11-50
Founded date
2015
Investors 1
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Mentions in press and media 5
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| Mar 3, 2023 | Startups in the fashion/retail data space that you should know | They include RetailNext, True Fit, CARTO, MakerSights, EDITED, and Stylumia There's no denying that AI is becoming a bigger factor in the retailer space: a recently released survey of IT decision-makers in the space found that 71% of retail... |
| Feb 24, 2023 | How data is helping the fashion industry predict purchases | Companies like Stylumia, MakerSights, StyleSage, and Heuritech are using AI for fashion forecasting The fashion industry produces an incredible amount of waste: 13 million tons globally each year, and that is only going to increase by an es... |
| Sep 28, 2021 | Как ИИ уже сейчас меняет нашу одежду | Индустрия моды сегодня оценивается в $2,5 триллиона в год, это 2% мирового ВВП (по данным индекса McKinsey Global Fashion). Денег у топовых брендов — сколько хочешь. Нравится нам это или нет, а третий миллиардер в мире, сразу после Джеффа Б... |
| Mar 26, 2021 | Three AI And Tech Trends That Will Transform The Fashion Industry | Fashion is one of the biggest industries globally, and revenues in the global apparel market are expected to reach $2.25 trillion by 2025 – but it’s not the first industry that probably pops into your mind when you think about artificial in... |
Reviews 0
FAQ about Stylumia
When was Stylumia founded?
Stylumia was founded in 2015.
What has the press written about Stylumia?
Parsers VC has collected 5 articles mentioning Stylumia, among them “Startups in the fashion/retail data space that you should know” (Mar 3, 2023) and “How data is helping the fashion industry predict purchases” (Feb 24, 2023).
Is Stylumia still active?
Yes, Stylumia is active; its latest activity on Parsers VC dates from Sep 28, 2021.