According to multiple reports, Namshi, the Middle East-based online fashion store backed by Rocket Internet, raised $13m in funding.
The backer was Summit Partners.
The company is using the funds to grow operations and expand its presence and market position in the Middle East.
Namshi currently sells Men’s, Women’s and kids’ clothing, shoes, and accessories from top brands in Qatar, Saudi Arabia, Bahrain, Kuwait and Oman alongside the United Arab Emirates.
The Dubai-based company had already raised $20m in funding in September 2012 (read here).
FinSMEs
21/05/2013