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Direct-to-Client Magnificence Model Raises $80 Million
Glossier, a direct-to-consumer magnificence firm, raised $80 million in enterprise funding. The Sequence E spherical was led by Lone Pine Capital, and included participation from current traders Forerunner Ventures, Index Ventures, and Sequoia Capital, amongst others.
The sweetness model has grown over time and now has greater than 5 million clients positioned all over the world. Glossier closed all its retail shops within the early days of the pandemic however is now reopening lots of them. In June the corporate introduced it was opening three shops in Seattle, Los Angeles, and London, with plans so as to add extra shops, together with one New York in 2022. The funding will likely be used to proceed to scale Glossier’s on-line and offline gross sales initiatives.
Funding Startup Raises $215 Million
Clearco, a fintech firm which offers funding to ecommerce startups, raised $215 million in enterprise funding from a Sequence C extension. The lending platform is open to ecommerce, cellular app, and software program firms which have $10,000 or extra in month-to-month gross sales.
Firms can borrow as much as $10 million from Clearco and pay it off with a proportion of their income. Clearco plans to make use of the proceeds from the funding spherical to broaden into Asia and Europe. It additionally plans to develop its relationships with banks and different funders all over the world.
Indian Social Commerce Startup Raises $144 Million
DealShare, an India social commerce platform, raised $144 million in enterprise funding. The Sequence D spherical, which values DealShare at $455 million, was led by Tiger World and included participation by WestBridge Capital, Alpha Wave Incubation, and Z3Partners. The startup has raised a complete of $183 million since launching in 2018.
DealShare acquired its begin promoting merchandise on to customers on Fb’s (FB) WhatsApp platform. It targets customers exterior India’s cities and cities, promoting them a curated checklist of things. Funding from the spherical will likely be used to broaden the corporate’s operations, improve its expertise, and rent extra staff. DealShare can also be eyeing acquisitions of startups within the social and gamification markets.
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