Growth spurt: Springtime for modest fashion e-commerce
A series of serendipitous events through Q1 2017 has seen the modest fashion e-commerce sector emerge with more sophisticated financial and corporate modelling in response to investors and market needs
The modest fashion industry acquired an increased patina of professionalism in the first three months of 2017 with the launch of new web and social platforms and structured financing increasing in the sector.
Turkey-based modest fashion major Modanisa won its fourth round of funding from Dubai-based Wamda Capital in March while modest fashion e-tailer Haute Elan opened a limited subscription bridge funding round before launching a Series A transaction, promising preferential equity to investors.
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Shalini Seth, White Paper Media