E-commerce company Retail Convergence raises $25 million
Retail Convergence is an e-commerce company formed out of one purchase, nine year old off-price retailer site SmartBargains.com, and newly-launched invite only private sale site Ruelala.com.
Investors include General Catalyst Partners, New England Development, Breakaway Ventures and Mugar Enterprises.
Ruelala.com is sort of like invite-only social network ASmallWorld, a social network that only lets you in if you’re very wealthy, or if you know a lot of wealthy people. Ruelala provides well-heeled online shoppers exclusive access to… Continue Reading