September 30th, 2019Los Angeles based fashion chain Forever 21 fell victim to its own rapid expansion and changing consumer tastes has filed for bankruptcy.
December 7th, 2018Reality television star and lifestyle mogul Kim Kardashian has her sights set on the Chinese market with plans to open a pop-up store, state media reported Friday.
Kardashian, whose rapper husband Kanye West briefly lived in China as a child, recently launched her makeup brand KKW Beauty and told China's official news agency about her...
June 9th, 2018A subsidiary of Mukesh Ambani-led Reliance Industries Limited called ‘Reliance Brands Limited’ has bought 100% stake in Rhea Retail Private Limited and has successfully acquired it for Rs 203.46 crore ($30 million) in cash.
Rhea Retail is a Delhi-based privately owned firm which was founded in 2007 and its main line of business...
April 16th, 2018India's leading online fashion platform Myntra has acquired Bengaluru based Witworks. Witworks is a technology startup making smart wearable devices and their underlying software.
Witworks team will join Mytnra R&D department after the acquisition to further strengthening the company's robust technology team and augment its...
April 4th, 2018India's leading C2C fashion re-commerce platform CoutLoot raises an investment of USD 1 million pre-series A funding round by Jadevalue Fintech, the investment arm of Chinese unicorn CashBUS led the investment round.
CoutLoot has extended its operations across 14 cities and achieved more than 5,00,000+ app downloads. One of...
March 20th, 2018Mumbai based fashion and lifestyle platform Bewakoof.com have raised fresh funding of ₹5.55 Cr from existing investors including Kunal Bahl, Rohit Bansal, Nikhil Vora (Founder, Sixth Sense Ventures), and Uniqorn Ventures in what appears to be a seed round.
Earlier in 2015, the Snapdeal founders also invested an unknown seed amount...
January 27th, 2018Flipkart owned India's leading fashion e-commerce company Myntra turnover zoom of ₹2,000 crore in fiscal 2016-17, an 87% jump from the previous year, according to a filing with the Ministry of Corporate Affairs. The company had posted a ₹816 crore loss in FY16.
Tofler a data-tracking platform published this report. As per the...
June 21st, 2017Fashion e-commerce company Fynd today said it has closed a funding of USD 3.4 million with participation from IIFL Seed Ventures, Venture Catalyst and others.
Of the total amount, IIFL Seed Ventures has invested USD 2.4 million.
The series A round also saw active participation from Kae Capital, FJ Labs, Singularity Ventures, GrowX,...
May 15th, 2017Mumbai, May 15th, 2017: Underlining its commitment to offer superior customer experiences with real time fashion discovery, Fynd, the unique fashion e-commerce portal, recently raised follow-up funds of USD 500k from Silicon Valley-based Rocketship. This new capital has been raised in an extension of the Series A funding round wherein...
May 1st, 2017ShopClues is expanding its fashion business by bringing on board more local brands and enhancing product offerings, a move that will steer the e-commerce marketplace towards overall profitability.
ShopClues, which focuses on value and mid-price segments, aims to hit overall profitability by the first half of 2018- 19.
Talking...
