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The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

December - 2011 - issue > Venture Beat

Fashionandyou.com Raises Rs.200 Crore in Series C Funding

ST Team
Tuesday, November 29, 2011
ST Team
fashionandyou.com, an online fashion and lifestyle e-commerce brand based out of Gurgaon, raises around Rs. 200 crore in Series C funding. The funding round was led by NorWest Venture Partners and Intel Capitals. Sequoia Capital India and Nokia Growth Partners also participated in this round of funding. The company will use the funding for its growth initiatives, including acquisitions, starting new business categories, as well as accelerating its growth in existing categories and geographies.

“We are very excited about each of the partners we've chosen and the opportunities this financing creates. Our partners recognize that we have only begun to scratch the surface of what we can offer to global and Indian brands as they race to connect with the Indian consumer,” says Pearl Uppal, Co-founder and CEO, fashionandyou.com. The new capital will enable fashionandyou.com to further accelerate its member acquisition strategy and solidify the supply chain and distribution mechanism to provide best in class service to its 2.7 million and growing member base. “With this new capital, we have everything we need to exploit the opportunities offered by this vast and rapidly-growing market and to develop fashionandyou.com into a world-class e-commerce powerhouse,” added Uppal.

fashionandyou.com is owned by Smile Group Venture and Goldsquare Sales India and was launched in January, 2010. It is a by invitation-only private sales club, which partners with high fashion and luxury brands across fashion apparel, designer wear, accessories, footwear, watches, jewellery, fragrances, kids, and home décor. The company employs more than 450 people spread across offices and distribution centers in Gurgaon, Mumbai and Bangalore.

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