Indian flash sales site Exclusively.In raises $16M

Exclusively.In, a site that offers deals on Indian-inspired fashion, just announced that it has raised $16 million in a second round of funding.

The company, which is based in New York and New Delhi, launched in June of 2010. When I talked to co-founder and chief executive Sunjay Guleria earlier this week, he told me he doesn’t see Exclusively.In as a niche site. It serves the Indian community in the US, of course, but he noted that there’s a growing interest outside that community as well. And the company is going international today, making its deals available to customers in the United Kingdom. Exclusively.In plans to add Canada and India in the next few months.

Exclusively.In follows the “flash sale” model popularized by companies like Gilt Groupe — the deals are only available to members, and only for a limited period of time. Guleria suggested that as the site grows, he’s open to adding other programs.

The new funding comes from Tiger Global Management, with participation from past investors Accel Partners India and Helion Venture Partners. (Accel’s US team has also invested in Groupon, the most famous company in the current social commerce wave.) Exclusively.In has now raised $18.8 million.

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    Indian flash sales site Exclusively.In raises $16M | VentureBeat | News | by Anthony Ha