Reebonz Raises S$50M

Reebonz, a Singapore-based online luxury retailer, raised S$50m.

The news was firstly reported by Channel News Asia (read here), which also said the deal valued the company at more than S$250m.

The round was led by MediaCorp.

Founded in 2009 by CEO Samuel Lim, Daniel Lim and Benjamin Han, Reebonz is an online site where members have access to private sale events to buy products (clothes, bags, watches, jewels, etc.) by high-end designer brands.

The company, which is currently hiring (read here), intends to use the funds to expand operations and grow its market position.



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