The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Group buying social commerce platform, DealShare, has raised $144 million in a new financing round as it looks to expand its presence in the South Asian market and eyes opportunities to expand internationally, according to a TechCrunch report.
The new financing round, a Series D, was led by Tiger Global and pushed the value of the Indian startup to $455 million.
Even as Amazon and Flipkart have created a sizeable market in India’s biggest cities, much of the nation remains underserved by e-commerce platforms. DealShare, which began as an e-commerce platform on WhatsApp, is attempting to reach consumers in smaller Indian cities and towns. The startup says customers on its platform buy curated items in groups, which makes purchases “highly competitive” in terms of affordability.
South Korea is one of the world’s leading exporters of beauty products but the narrow definition of ‘K-beauty’ in international markets means many exciting brands in Seoul have yet to go global.
The apparel and footwear market in Colombia rebounded faster than in Brazil or Mexico, but Chile and Peru may not recover to pre-pandemic sales levels for years. Where are the region’s next growth opportunities?
An analysis of consumers in the United Arab Emirates and Saudi Arabia from BoF Insights reveals what’s at stake for both local and global brands in an industry in the midst of vast change.
Brands are partnering with Lagos-based talent to help them navigate the complexities of the country’s billion-dollar fashion market and create a ripple effect across the African continent.