Fashion and You, India’s leading online private sales website today announced that Sequoia Capital has invested USD 8 Million in the company. This investment will go towards growing the company’s product offering, strengthening its enterprise technology, expanding its distribution capacity and funding future growth initiatives.
Mr. Shailendra Singh, Managing Director, Sequoia Capital India, said “We are delighted to partner with the founders and management of Fashion and You, who have quickly built Fashion and you into the leading online retailer of premium fashion brands in India with over half a million members who are part of the private shopping club. We are confident that the company will strengthen its position as a frontrunner and continue to grow rapidly even as this space witnesses rapid growth.”
Harish Bahl, Founder and Chairman, Fashion and You said, “Fashion and You was the third to start in its category & is now a clear market leader in Online Fashion Retail in India. The core strength of the organization has been the team and the partners that we have. We are overwhelmed by the response that we have got from our consumers and how our teams and partners have made this otherwise very complex to scale model, work so efficiently.”
Fashion and You launched its retail operations on January, 2010 and within 10 months of its launch, has established itself the top ecommerce companies in India.