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Fashion And You gets $8 Million from Sequoia
By siliconindia
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New Delhi: Fashion and You, an online private sales website today announced that Sequoia Capital has invested $8 million in the company. This investment will go towards growing the company's product offering, strengthening its enterprise technology, expanding its distribution capacity and funding future growth initiatives.
Shailendra Singh, Managing Director, Sequoia Capital India, said "We are delighted to partner with the founders and management of Fashion and You, who have quickly built Fashion and you into the leading online retailer of premium fashion brands in India with over half a million members who are part of the private shopping club. We are confident that the company will strengthen its position as a front runner and continue to grow rapidly even as this space witnesses rapid growth."
Fashion and You launched its retail operations on January 15, 2010. In line with the growing emphasis on social commerce globally, brand Fashion and You's growth in India has largely been viral. Fashion and You's Facebook page is one of the leading Facebook pages in India with over 550,000 followers. For many fashion and lifestyle brands, Fashion and You has already become the largest retail avenue in India.
