ideeli news and archive

Groupon buys Ideeli in a 43 million cash deal

Groupon has announced the acquisition of online "flash-sale" retailer Ideeli for 43 million dollars in cash in a movement to expand in the apparel sector. Ideeli will keep its headquarters in New York and continue to run as a separate website. "Our customers have a demonstrated appetite for these offers, and by broadening our reach in this space...

Fashion

Ideeli raises USD30 million in 2nd fundraising row

The New York-based e-tailer has finalized a second row of fundraising, pocketing USD 30 million. Credit Suisse has led the investors providing the Series D financing for the retailer to “fuel growth and pump up infrastructure.”The new funding will be used to further the company’s growth and infrastructure, "as we transform our business beyond...

Fashion

Fashion tech start ups in momentum

Last year saw an influx of new fashion tech start-ups, taking queue from early pioneers such as Gilt Groupe and Ideeli, where previously the industry had been hesitant to embrace new technologies, mobile apps and digital platforms. And with no shortage of new ideas or interest from financial backers, this trend shows no signs of slowing down in...