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FashionAndYou raises funding of $ 10 mn

Plans to boost its flash sale dominance

Tags: retail, retailer, news, FashionAndYou

June 10, 2014  |  comments ( 0 )  | 
FashionAndYou raises funding of $ 10 mn

FashionAndYou, an e-commerce company incubated by Smile Group, has raised $10 million in a fresh round of funding from new and existing investors. 

Aasheesh Mediratta, Chief Executive, FashionAndYou, said: "The new funds will help strengthen the technology behind our inventory-light business model, acquire more customers to bolster our flash sale dominance and build a more cohesive brand."

Sequoia Capital, Smile Group, Norwest Venture Partners, Intel Capital and Nokia Growth Partners are believed to have participated in this round, according to a company press release.

 


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