Tuesday, June 7, 2011

India Flash purchase site Exclusively.In raised $ 16 million

       
Beijing time on May 27 news this morning, according to United States technology blog TechCrunch reported that India Flash distribution site Exclusively.In raised $ 16 million in new round of financing, so that the company's total financing of us $ 18.6 million.

Exclusively.In the latest round of global fund financed by the Tiger (Tiger Global Management) led Accel Partners such as India and Helion Venture Partners participated in this round of financing. The company is providing services for members-only Flash distribution site, sales India technologist and designer goods such as production of fashion, jewellery, home decoration. The company also recently launched travel and wedding services. In addition, as part of business expansion strategy, the company recently announced that enter the United Kingdom market, this is outside the largest of India one of the fashion market.

Exclusively.In plans to move into more markets in the future. The company's co-founder and CEO James Sanchez · guleliya (Sunjay Guleria), as “ India style ” popular fashions and accessories, Web site is not only seen from the India diaspora strong demand, while also seeing demand from broader consumer group. In the United States market, per cent from the company's sales growth rate had reached 50%.

guleliya, Exclusively.in will eventually develop into a comprehensive e-commerce website. Company plans to raise funds for expansion of new markets, optimizing trade structure, promoting user base growth, and increase employee.