Exclusively.com Acquired
Medianama.com published an article on Exclusively.com getting acquired by SnapDeal, the company was originally Exclusively.in before getting the .com.
From the article:
Exclusively.in started as a flash sales site but pivoted to a standard e-commerce model offering designer apparel and accessories in 2011. The company used to ship products only to the US and UK catering to but now ships to destinations in India and other global destinations too. Under the partnership with Snapdeal, Exclusively will continue to function as an independent site and all aspects of the online shopping experience will remain the same with new collections and service capabilities. Snapdeal with its nationwide reach will help Exclusively scale up and expand its current business and reach.
Exclusively had raised $16 million in a Series-B funding round led by Tiger Global Management, with additional capital from existing investors Accel Partners India and Helion Venture Partners in 2011. It had previously raised $2.8 million from Accel Partners and Helion Venture Partners in November 2010.
Read the full article on Medianama.com