Fashionandyou Raises $40 million in Series C round of Funding
Gurgaon: Gurgaon-based, online shopping site Fashionandyou.com has raised $40 million in series C round of funding from Norwest Venture Partners and Intel Capital, and saw the participation of Nokia Growth Partners and existing investors Sequoia Capital. In the past, fashionandyou.com had raised funds from European and Indian private investors in series A, and had raised $8 million from Sequoia Capital in Series B round of funding. Fashionandyou.com plans to use the funds for expanding into additional categories and make strategic acquisitions to complement the existing businesses.
Fashionandyou.com was founded in 2010 by Pearl Uppal, backed by Harish Bahl, Founder, Smile Group. The company is owned by Smile Group Venture and Goldsquare Sales India. Pearl Uppal, Founder and CEO, fashionandyou.com has worked as the Director of Sales, Regional sales manager and Key account manager at Yahoo! She did her MBA in Technology Management and Finance from the Indian Institute of Technology, Delhi Intel capital?s vision is to be the preeminent global investing organization in the world. Their mission is to make and manage financially attractive investments, which are at par with Intel’s strategic objectives. Through personal introduction events, Intel Capital offers access to executives from influential corporations across the globe.
Norwest Venture Partners is a global venture capital firm, which makes early to late stage investments across a wide range of sectors. The firm manages over $3.7 billion in capital and has funded over 500 companies since its inception.
Nokia Growth Partners is a global growth stage venture firm, focuses on mobile technology, services, and media. They invest in companies, firms, and people who are changing the face of mobility, communications, and the internet. They work closely with the promising companies, adding value through seep domain expertise and network in the mobility market.
Sequoia Capital, a venture capital firm invests between $100,000 and $ one million in early stage, and between $10 million and $100 million in growth stage companies.
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