Gilt Groupe

Considered to one of the most successful fashion startups Gilt Groupe was founded in 2007. Their mobile app is available across Android as well as iPhone platforms. Their business model is based on flash sales where products are offered for a period of 36 to 48 hours at discounted rates. In 2012 the company launched a partnership with Jason Binn's luxury lifestyle magazine, DuJour. Funding for the website raised more than 230 million dollars in the past two years which is expected to rise significantly in this year.

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