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November 20, 2013

Deal Alert: Women’s fashion brands portal FabAlley.com raises funds from IAN

FabAlley.com, an online fashion brand for women, has raised seed funding from Indian Angel Network. The investment was led by IAN investor members Mohit Goyal and Tushar Singh. Tushar Singh would also be joining the company’s board. Launched in June 2012, 

FabAlley offers design-differentiated and fashion clothing and accessories for women. The portal intends to use the investment to add new categories in both apparel and accessories and to increase depth in existing categories. The online fashion brand also plans to use the investment to improve its technology, supply chain capabilities, warehousing and marketing. 

Source: Business Line
 
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