Exclusively.in, a New York City-based private sales site focused on Indian fashion wear, will announce a series A led by Accel Partners this week.
Private sales sites like Gilt Groupe have been extremely successful, and the space has become crowded, so going after smaller verticals like this is a natural move. Exclusively.in, which launched this summer, has drawn many of its early customers from Americans of Indian descent, but says it wants to “target the non-Indian, white market” moving forward.
The company was cofounded by a team of Indian-Americans, led by CEO Sunjay Guleria, a former VP at Going, which sold to AOL for $10 million last year.
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