Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-06-10

FashionAndYou raises $10 million

E-commerce firm FashionAndYou announced that it has raised funding of about $10 million (Rs 60 crore) from its existing partners like Sequoia Capital and Smile Group and a new investor.

E-commerce firm FashionAndYou announced that it has raised funding of about $10 million (Rs 60 crore) from its existing partners like Sequoia Capital and Smile Group and a new investor.

 

For implementing its growth plans, the company is looking at raising an additional $5-10 million in funding early next year. Its present round of funding saw participation from the existing investors — Sequoia Capital, Smile Group, Norwest Venture Partners, Intel Capital and Nokia Growth Partners.



“We will utilise proceeds in marketing, strengthening the tech platform and improving distribution. The funds will also help strengthen our inventory light business model, acquire more customers to bolster our flash sale dominance and build a more cohesive brand,” said, Aasheesh Mediratta, CEO, FashionAndYou.



He, however, declined to name the new investor on-board. Mediratta said, the company is looking at setting up two more delivery centres, in Surat and Bangalore, to increase the efficiency, in addition to its existing centre in Gurgaon. Besides, the company plans to bring in a mobile app for the Android platform by September to cash in on the burgeoning number of smartphone users shopping using their handheld devices.

 

Related opportunities
  • Ice creams & Yogurt Parlors
    NITRO ICE CREAM-Delicious Ice Cream Made Live within 60 seconds...
    Locations looking for expansion New Delhi
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 100 - 300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Casual dine Restaurants
    About New YorkerA landmark eatery with global menu & urban..
    Locations looking for expansion Maharashtra
    Establishment year 1979
    Franchising Launch Date 2012
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Pizzeria
    Start your own pizza joint by becoming a Go69 Franchisee:..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 400 - 800 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lucknow Uttar Pardesh
  • About:started In 1984, Bellcross Industries, is a prestigious and leading..
    Locations looking for expansion Maharashtra
    Establishment year 1984
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities