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Berrybenka raises venture round to expand offline-to-online presence

Berrybenka, an online fashion e-commerce site based in India, has raised an undisclosed amount in its latest round of venture funding. The investment was led by Softbank-Indosat Fund, Asia Summit Capital and Maj Invest Equity. Local unnamed investors also participated in the funding.   Claudia Widjaja, Yenti Elizabeth and Jason Lamuda co-founded Berrybenka in 2011 as a site featuring a curated selction of several …

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Hawkers raises $56 million for vertically integrated sunglasses brand

Hawkers, a Spain-based online sunglasses brand, has raised €50 million ($56 million at current exchange) in Series A funding. Félix Ruiz and Hugo Arévalo, the founders of social networking app, Tuenti, led the investment. Venezuelan investment firm, O’Hara, in addition to unnamed private investors, also contributed to the round. Hawkers was co-founded December 2013 by its CEO, Alex Moreno, General Manager, Paco …

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TrueFacet raises $6 million to add talent and scale globally

TrueFacet, online pre-owned luxury jewelry and watch marketplace, has raised $6 million in Series A funding. Maveron led the investment with participation from Freestyle Capital, Social Leverage, Founders’ Co-op, Trilogy and Liquid2 Ventures, a firm founded by former football player, Joe Montana. Global marketplace investors Rahul Mehta and John Lindfors also contributed to the investment. “Born and raised in a jewelry …

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How the luxury resale market is influencing the retail market

The RealReal’s luxury report shows just how influential the luxury resale market is on the retail market. The online luxury consignment site recently released its 2016 mid-year luxury resale report and revealed a great deal about the state of the luxury consignment market. The data was gathered from over 4 million RealReal shoppers and 2 million of their purchases. The …

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