nomorerack Closes $12M Series A Funding

nomorerack, a New York City-based online shopping destination for a diverse array of products, has closed a $12m Series A funding.

Backers include 20K Industries and pan-Asian e-commerce leader Giosis Gmarket.

The company intends to use the funding to continue to scale operations and broaden its global presence.

Founded in 2010 by Deepak Agarwal, Chief Executive Officer, nomorerack offers home, fashion, electronics, kids and lifestyle items. According to a written statement, it boasts 7m visitors a month along with 5.8 million members.

In conjunction with the funding, Ifty Ahmed, Director of Giosis Gmarket, will join the company’s Board.



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