Fashionandyou.com Seals $40M in VC

Norwest Venture Partners and Intel Capital have led a $40 million investment in Indian e-commerce company Fashionandyou.com, Reuters reported Tuesday. Sequoia Capital India and Nokia Growth Partners have also invested in the firm, the brand's owners Smile Group Venture and Goldsquare Sales India said in a statement. The money will go toward improving membership, as well as the company’s supply and distribution chain.

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