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Japan’s online fashion giant Start Today sets up R&D arm, pursues best user experience

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See the original story in Japanese. Start Today (TSE:3092), the Japanese company behind online fashion marketplace Zozotown, announced in January that it has set up a project team called Start Today Research (Research for short) as its R&D arm. Yuki Kanayama, CEO of Vasily which was recently acquired by Start Today, will lead the arm and conduct projects leveraging big data owned by the fashion giant. The specific Big Data set as its analysis data include 30 million brand-official product data (product information, category, size, material), 10 million fashion coordination data, 23 million user information (user attribute, purchase history, held items), shop information and distribution-related data, in addition to human body dimension data measurements from Zozosuit as had recently been announced and is seen being accumulated in the future. According to Kanayama, although he cannot disclose details about the current team, he aims to build an organization a few hundred-strong comprising doctorate holders in such fields as machine learning, encryption technology, material science or hydrodynamics, so as to analyze fashion from the scientific perspective in the future. In tandem with the announcement, we held a short interview with Start Today CEO Yusaku Maezawa and Kanayama, inquiring into their objectives in…

L to R: Start Today CEO Yusaku Maezawa, Vasily CEO Yuki Kanayama
Image credit: The Bridge

See the original story in Japanese.

Start Today (TSE:3092), the Japanese company behind online fashion marketplace Zozotown, announced in January that it has set up a project team called Start Today Research (Research for short) as its R&D arm. Yuki Kanayama, CEO of Vasily which was recently acquired by Start Today, will lead the arm and conduct projects leveraging big data owned by the fashion giant.

The specific Big Data set as its analysis data include 30 million brand-official product data (product information, category, size, material), 10 million fashion coordination data, 23 million user information (user attribute, purchase history, held items), shop information and distribution-related data, in addition to human body dimension data measurements from Zozosuit as had recently been announced and is seen being accumulated in the future.

According to Kanayama, although he cannot disclose details about the current team, he aims to build an organization a few hundred-strong comprising doctorate holders in such fields as machine learning, encryption technology, material science or hydrodynamics, so as to analyze fashion from the scientific perspective in the future. In tandem with the announcement, we held a short interview with Start Today CEO Yusaku Maezawa and Kanayama, inquiring into their objectives in establishing Research [interviewer questions indicated in boldface].

Approaching fashion from scientific angle

Zozosuit
Image credit: Start Today

I give due warning; the whole picture of the R&D arm is still unclear. As mentioned above, it is a fact that the firm has been storing an enormous amount of data related to fashion especially in Japan. The data content will enable more multidimensional analysis by adding body dimension data measured by Zozosuit that astonished the world. The two guys explained about the outline of the new arm.

Although Research was introduced with a bit ambiguous expression as “scientific approach of fashion utilizing big data” in the press release, would you explain about the outline of it again?

Kanayama: The purpose of Research is to utilize fashion data including human body dimension data. We will jointly research with external companies or educational organization about what can be grasped from fashion data or how we can utilize it into our service. The output of Start Today is thought to be divided into two types: the one is academic approach via papers or learned societies and the one is to make it into services or products led by companies. As acquiring an enormous amount of data, I would like to improve the state of the world together with outside collaborators.

Is it a R&D department of Start Today?

Maezawa: We had sometimes conducted planning or development as needed, but here we will cover a wide range of R&D activities in Research.

I ask you more about the organization. While Mercari had also announced the establishment of R&D department with detailed research themes or organization scale, how about is that in Research?

Kanayama: We plan to construct a several hundred-scale organization having Ph.D. members, in addition, we will start researching about fact or theory which has not been commercialized. Fashion has both “protection” and “emotion” aspects. The protection aspect is to wear clothes to protect himself against the cold or to cover up himself. The emotion aspect is to lift the spirit or to gain confidence or satisfaction. To meet the emotion aspect, measurement technology is needed, and the size suit must be improved further. We will explore themes about combination or coordination utilizing algorithm, machine learning, or deep learning. If health factor were required for fashion, healthcare field would become one of our research targets.

These data, Kanayama compared to “petroleum”, is just a string if it remains as it was. Refining it and synthesizing it, they turn it into a form available. The direction Research pursues may be to quantify fashion that had been determined based on the sense and to change fashion into a knowledge that everyone can share as common recognition.

Perfect-fitting by one-centimeter pitch

L to R: Start Today CEO Yusaku Maezawa, Vasily CEO Yuki Kanayama
Image credit: The Bridge

What are the specific views the two guys are going to cultivate, while it seems to a big project they imagine? I continued interviewing.

I will ask you about the research contents. For example, Amazon has a simple view like Echo Look, suggesting fashion which suits each user by taking photos. Do you have any specific ideas as outputs from Research?

Kanayama: Yes, we have some plans for services but cannot reveal them now. I want to pursue the point what is cool for him seen from himself just as seen from those around him.

Maezawa: The purpose of Research is to seek the answer to the problem as for what is cool for each user, by suggesting satisfactory fashion that looks cool seen him and also seen from surrounding people. We aim to digitize what is cool and what is cute. Off course, it is important for a user to be satisfied himself, but we want a proof that other people will be sure to admire the fashion enough to recommend them to him.

We will digitize the ambiguous concept of “cool”; for example, a coordination is cool because it is formed by combining this one and that one it is highly evaluated by 85 in 100 people qualitatively. Anyone may be worried about whether clothes will suit him. I think it is important to tell him that it really suits him or looks cool qualitatively to make him positive. To do that, first of all, we want everyone to experience wearing perfect-fitting clothes and to be impressed with them. Then, digitalized data outputted from Research will work as a support. That is our future vision.

As hearing Maezawa’s explanation, I had a dim impression that standardized information related to fashion like “fashion score” will be born from here. Of course, that will be incorporated into the group’s services, but standardized data can be used by external companies too.

Start Today CEO Yusaku Maezawa
Image credit: The Bridge

Let’s continue the interview. If you could acquire any outputs from the data in Research, how the world will change? For example, with the advent of fast fashion represented by Uniqlo, we no longer have difficulties in having clothes just to live. How are they going to change the world?

We no longer have difficulties in having clothes thanks to the advent of fast fashion. On the other hand, ocular changes have occurred in the street; homogeneity in fashion can be seen. What impacts do you expect Research to have?

Maezawa: I think the silhouette of aman wearing T-shirt is an art; it completely differs according to person. In autos’ body lines, there is a ratio called golden section which is digitalized to a certain degree. Similarly, we will try to sublimate the silhouette in a size suitable for each person to an art. I believe there is “a point” of perfection.

Currently, we have been producing T-shirts with size intervals of several centimeters pitch and wish everyone to find their favorite silhouette. An impression of clothes changes greatly only with one-centimeter difference in size, but there had not been such line-ups allowing customers to choose thus far. Few people are particular about one-centimeter difference in clothes, right? That is why I wish them to find their own perfect T-shirts.

Although I cannot refer to Zozosuit because I have not experienced Zozosuit yet, how does it feel to wear a perfect T-shirt?

Kanayama: It makes you positive.

I see.

Should the day arrive when we really can obtain perfect-fitting clothes, we will surely get to enjoy fashion from all over the world via online more easily or more people will gain confidence about one’s own fashion by utilizing the abovementioned Fashion Scoring.

Will it bring another change just as fast fashion created? I would like to wait for their outputs with great interest.

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

Japanese fashion commerce giant Zozotown acquires fashion coordination startup Vasilly

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See the original story in Japanese. Tokyo-based startup Vasily, which runs online fashion coordination service iQON, announced on Thursday that it has been acquired by Start Today (TSE:3092), the company behind Japan’s leading fashion commerce site Zozotown. Details on financial terms have not been disclosed. See also: Japan’s fashion coordination app iQon unveils native advertising service Japanese fashion coordination site iQON surpasses 1 million users Japanese fashion site iQon lands partnership with Italian online mall Yoox.com Japanese fashion coordination site iQON raises $3.2M, will boost marketing efforts Vasily was founded back in 2008 and subsequently launched fashion coordination service iQON back in April of 2018. Using the mobile app or desktop, the service allows one to combine clothing and accessories online while sharing fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where purchases are made, and the startup will generate revenue from partner sites using an affiliate model. Their mobile app is highly evaluated and has been selected as the best apps several times on the Apple iTunes Appstore and Google Play. Meanwhile, Start Today, the company behind Zozotown, launched a fashion coordination app called Wear back in 2013, having since acquired…

See the original story in Japanese.

Tokyo-based startup Vasily, which runs online fashion coordination service iQON, announced on Thursday that it has been acquired by Start Today (TSE:3092), the company behind Japan’s leading fashion commerce site Zozotown. Details on financial terms have not been disclosed.

See also:

Vasily was founded back in 2008 and subsequently launched fashion coordination service iQON back in April of 2018. Using the mobile app or desktop, the service allows one to combine clothing and accessories online while sharing fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where purchases are made, and the startup will generate revenue from partner sites using an affiliate model. Their mobile app is highly evaluated and has been selected as the best apps several times on the Apple iTunes Appstore and Google Play.

Meanwhile, Start Today, the company behind Zozotown, launched a fashion coordination app called Wear back in 2013, having since acquired 9 million downloads and 6 million coordination pattern posts. According to the financial report of Start Today, the company has annually transacted 212 billion yen (about $1.9 billion US) as of March this year on the Zozotown marketplace.

See also:

The content of the partnership between the two companies has not been disclosed. However, it is expected that Start Today and Vasily will jointly conduct a measure to encourage sales leveraging items and user preference data collected by both companies respectively.

Yuki Kanayama, CEO and founder of Vasily, declined our request to disclose the details but he says,

We can’t yet disclose the details about for how much we have been acquired or what we will jointly work with Start Today on. However, all I can sa is that the key will be data. We believe that we can do more business than ever by combining existing and future data held by Start Today and our own Vasily technology.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy

Japan’s fashion coordination app iQon unveils native advertising service

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This is the abridged version of this and that articles in Japanese. Tokyo-based Vasily, the startup that provides fashion coordination app iQon, announced on Monday that it will launch a native advertising service called iQon Ad. According to Vasily CEO Yuki Kanayama, they will ask advertisers to create ads that fit in to relevant context and put them between outfit recommendation articles so as to deliver a higher performance in advertising. Prior to the official roll-out, they tested its performance and proved that it took less than 50% in conversion cost than conventional mobile advertising methods. Upon this launch, the company wants to build an ad network for women-focused vertical media. Meanwhile, Vasily started airing TV commercials in Japan on Saturday (see video below), which stars popular Japanese young actress Fumino Kimura, proposing potential users to find a better outfit using the app. We understand that the company recently fundraised over $10 million from Japanese telco KDDI, with their recent transaction volume reaching over $10 million on a monthly basis. As of October, they have listed over 1.3 million user-posted outfits which comprise more than 4.8 million fashion items.

iQON_cm

This is the abridged version of this and that articles in Japanese.

Tokyo-based Vasily, the startup that provides fashion coordination app iQon, announced on Monday that it will launch a native advertising service called iQon Ad.

According to Vasily CEO Yuki Kanayama, they will ask advertisers to create ads that fit in to relevant context and put them between outfit recommendation articles so as to deliver a higher performance in advertising. Prior to the official roll-out, they tested its performance and proved that it took less than 50% in conversion cost than conventional mobile advertising methods. Upon this launch, the company wants to build an ad network for women-focused vertical media.

iQon's native ad sample
iQon’s native ad sample

Meanwhile, Vasily started airing TV commercials in Japan on Saturday (see video below), which stars popular Japanese young actress Fumino Kimura, proposing potential users to find a better outfit using the app.

We understand that the company recently fundraised over $10 million from Japanese telco KDDI, with their recent transaction volume reaching over $10 million on a monthly basis. As of October, they have listed over 1.3 million user-posted outfits which comprise more than 4.8 million fashion items.

Japanese fashion coordination site iQON surpasses 1 million users

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See the original story in Japanese. Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has surpassed 1 million users. Coinciding with this announcement, the company rebranded its logo design. Since its launch back in April 2010, the service has acquired over 1 million coordinated outfits and listed over 4 million fashion items. Each item introduced on the website is linked to other e-commerce sites where you can buy it, and they drive over 1 million times the traffic to these affiliated e-commerce sites a month. They also announced that some of these sites earn over $1 million in their monthly revenue from iQON users. Will iQON disrupt the fashion e-commerce landscape? Over this past year, we’ve seen many startups have been competing with each others to gain as much time of smartphone users as possible with their mobile services, which is truly remarkable in the space of curated information sites for females. These sites are easy to launch because they don’t need to prepare resources but can be created through use of content from other media sites. But I think this concept does not apply to iQON since the curated fashion site is…

iQON_logo
iQON’s new logo

See the original story in Japanese.

Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has surpassed 1 million users. Coinciding with this announcement, the company rebranded its logo design.

Since its launch back in April 2010, the service has acquired over 1 million coordinated outfits and listed over 4 million fashion items. Each item introduced on the website is linked to other e-commerce sites where you can buy it, and they drive over 1 million times the traffic to these affiliated e-commerce sites a month. They also announced that some of these sites earn over $1 million in their monthly revenue from iQON users.

Will iQON disrupt the fashion e-commerce landscape?

Vasily CEO Yuki Kanayama
Vasily CEO
Yuki Kanayama

Over this past year, we’ve seen many startups have been competing with each others to gain as much time of smartphone users as possible with their mobile services, which is truly remarkable in the space of curated information sites for females. These sites are easy to launch because they don’t need to prepare resources but can be created through use of content from other media sites.

But I think this concept does not apply to iQON since the curated fashion site is not one where users consume content passively like other curated content sites. In response to this idea, the company’s CEO Yuki Kanayama told us their service motivates users to act impulsively upon understanding the fashion trends and buying new outfit. This perspective can be proven by the fact that some of their affiliated e-commerce sites obtain 25% of the user traffic from iQON, and others generate a monthly revenue worth over almost $1 million.

All media sites have to make money to survive. So they have to establish intimate relationships with their users and provide them with values enough so that the users are willing to pay fees. As proven by iQON with their business, we have to be more focused on metrics and results. Through its integration efforts with e-commerce sites, it will be interesting to see how iQON can bring a new concept upon generating revenue streams to curated content sites.

celebrating-1million-users-at-iqon
iQON celebrates its 1,000,000th user sign-up.

Japanese fashion coordination site iQON raises $3.2M, will boost marketing efforts

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See original story in Japanese Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has fundraised a total of 300 million yen (approximately $3.2 million) from Globis Capital Partners, Itochu Technologuy Ventures, and GMO Venture Partners. This is the second round of funds following the previous series A funding of 140 million yen ($1.5 million) in May of 2011. The iQON service allows you to combine clothing and accessories online and share fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where you can purchase it, and the startup will generate revenue from partner sites using an affiliate model. More than 300,000 coordinated outfits have been registered since the service launched in April of 2010, and users are bookmarking their favorites more than a million times a month. The startup introduced its iOS app last February (and an Android app is now also available) which really took off. It even helped some of their partnering e-commerce sites make more than 20 million yen monthly sales through the affiliate traffic. The company focused on service development in the series A phase, but will be intensifying branding and marketing…

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See original story in Japanese

Vasily, a Tokyo-based startup which runs online fashion coordination service iQON, announced today that it has fundraised a total of 300 million yen (approximately $3.2 million) from Globis Capital Partners, Itochu Technologuy Ventures, and GMO Venture Partners. This is the second round of funds following the previous series A funding of 140 million yen ($1.5 million) in May of 2011.

The iQON service allows you to combine clothing and accessories online and share fashion coordination ideas with other users. Each item has a direct link to fashion e-commerce sites where you can purchase it, and the startup will generate revenue from partner sites using an affiliate model. More than 300,000 coordinated outfits have been registered since the service launched in April of 2010, and users are bookmarking their favorites more than a million times a month.

The startup introduced its iOS app last February (and an Android app is now also available) which really took off. It even helped some of their partnering e-commerce sites make more than 20 million yen monthly sales through the affiliate traffic. The company focused on service development in the series A phase, but will be intensifying branding and marketing efforts from now on.

When discussing fashion e-commerce sites in Japan, we can’t help but mention Zozotown (listed on the Tokyo Mothers exchange since 2007). The site is a partner for Vasily rather than a competitor because the two companies have different business models and won’t compete and/or conflict. Vasily’s CEO, Yuki Kanayama, says they will keep working closely with their good partner Zozotown in the future.

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Vasily Inc.’s CEO: Yuki Kanayama