FashionAndYou.com is an online retail shop for luxury fashion goods in India where membership can be obtained only by invitation sent by the site or its existing members. The concept is a hit and has really caught up with Indian consumers. FashionAndYou.com has scaled up fast in a very little time thus making them eligible for a big ticket investment from Sequoia Capital.
FashionAndYou.com recently raised $8 million investment from Sequoia Capital India and now the company plans to use the funds to enhance its product offering, strengthen its enterprise technology and expand its distribution capacity. In India, Sequoia has invested in over 50 companies including Cafe Coffee Day, Dr Lal PathLabs, Idea Cellular, Just Dial and Shaadi.com.
In other internet news in India, RedBus.in – an website that started selling bus tickets in India for the first time , has been awarded the Best Internet Startup of the Year’ at India Digital Awards 2010 held along with the 5th India Digital Summit organised by Internet and Mobile Association of India (IAMAI) in New Delhi on December 7-8, 2010
RedBus.in is a Bangalore based startup founded by three BITS Pilani graduates has come a long way in the business of online bus ticket vending. RedBus has over 250 bus operators as it’s partners with buses that ply on over 3600 routes throughout India.