BaubleBar receives $20 million backing
Accredited as ‘Fast Fashion’ jewelry e-portal, BaubleBar wins to obtain a financial support of $20 million from the investors. As per the sources and the report by the TechCrunch, this online jewelry retailer has made the backing due to their ‘quick in reacting’ ‘fast fashion’ approach.
With the up-to-the-minute stratagem and ‘Fast Fashion’ ploy, the online jewelry retailer BaubleBar has raised the support of $20 million from the investors. TechCrunch, a technology news site in its report stated that the trendy jewelry e-portal wins to acquire the backing of the investors due to its trendsetting approach and vision to proffer clients latest, in-trend jewelry at the reasonable prices. As per the report presented out on January 25, this eCommerce jewelry boutique that is accredited for its ‘fast fashion’ approach to its product line as well as nimble in reacting to trends has come together to create the interests of the investors. Apart from winning the faith of the new investors such as Hubert Burda Media and DSW, the retailer too becomes successful in achieving the financial support from existing investors Aspect Ventures, Accel Partners and Burch Creative Capital along with the Greycroft Partners. The report also quoted the portal as saying that the new investors would bring expertise to the company by serving them to extend their range in the international markets and bear out larger scale operations.