Fashion and You, an invitation-only shopping site, has raised $40 million in its third round of venture capital funding, Business Standard reports. The investment round was led by global investment firm Norwest Venture Partners and Intel Capital. Sequoia Capital India and Nokia Growth Partners also participated.
The fashion site, which plans to invest the funds in supply-chain management, is looking to become a $98.81 million firm in the next two years. It raised its first round of funding from European and Indian private investors. It gathered $8 million from Sequoia Capital India in December last year in its second round of funding.
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Business Standard reports Norwest Venture Partners Nokia Growth Partners Intel Capital European