Exclusively.In, the members-only private sale site for high-style Indian fashion, jewelry and home décor for U.S. customers, has just announced the acquistion of $16 million in Series B funding. The investment was led by Tiger Global Management, with additional capital coming from existing investors Accel Partners India and Helion Venture Partners, who provided Series A funding. Exclusively.In will use this infusion of capital for new market expansion, which includes an official launch into the UK market.
As of today, U.K. consumers can order sought-after Indian fashions by designers such as Manish Malhotra, Tarun Tahiliani, Manish Arora, Ritu Kumar and Payal Singhal and shop for their dream Indian wedding at the recently launched Exclusively.In Wedding Boutique.
Adding a successful funding partner like Tiger Global Management is a strategic win for us, as they know how to help companies become leading players - especially in emerging markets such as India, said Exclusively.In co-founder and CEO Sunjay Guleria. We're excited to expand internationally and within India with this round of funding, opening up our offering of Indian inspired fashion to over 150 million connected Indians globally.
Exclusively.In - known as the 'Gilt Groupe of India' - offers a daily sale to its members, beginning at 11 a.m. EST. Merchandise is sold on a first-come, first-serve basis. Exclusively.In carries a selection of clothing, jewerly, and home decor from Indian designers that are hard to find in the United States.
Exclusively.In has demonstrated many of the same traits of our other fast-growth investments: a solid management team, an open-market opportunity, and an impressive growth curve, said Tiger Global's Lee Fixel. The company is well positioned to bring Indian fashion to the masses, and we're excited to help them realize that vision.