Exclusively.In, an online retailer of Indian fashion, jewelry, and lifestyle products, has raised $2.8m in a round of institutional and angel funding.
Investors include Accel Partners India and Helion Venture Partners. In conjunction with the funding, Ashish Gupta of Helion Venture Partners and Prashanth Prakash of Accel Partners India will be joining the company’s board of directors.
Exclusively.In will use the funding for marketing and to expand its technology platform and consumer markets.
The comapny company operates in the U.S. via its members-only, private-sale format. The site offers sales every day featuring items including jewelry and intricately embroidered contemporary clothing for men, women and children, handbags and clutches, saris and luxury Indian bridal wear. Members can also find travel deals at Indian luxury hotels, home décor pieces and limited edition art collections, photography and collectibles.
Launched in June 2010, Exclusively.In currently ships orders directly from Delhi to the United States in in under a week on average, and has plans to expand to Canada, the U.K. and India in early 2011.
FinSMEs
05/11/2010