{"id":3294,"date":"2020-06-22T11:44:04","date_gmt":"2020-06-22T06:14:04","guid":{"rendered":"http:\/\/172.105.37.82\/?p=3294"},"modified":"2020-06-22T11:44:04","modified_gmt":"2020-06-22T06:14:04","slug":"as-covid-19-shakes-offline-retail-faballey-raises-20-75-crores-to-boost-online-retail","status":"publish","type":"post","link":"https:\/\/indiacityblog.com\/fashion\/as-covid-19-shakes-offline-retail-faballey-raises-20-75-crores-to-boost-online-retail-3294\/","title":{"rendered":"As Covid-19 shakes offline retail, FabAlley raises 20.75 Crores to boost online retail"},"content":{"rendered":"
In the world of immense demand for online fashion and fresh trends, many comparatively newer players have stood out through aggressive focus on consumer demands and constantly upgrading themselves. One such brand that has been creating news lately is FabAlley, an online to offline high end fashion platform which is predominantly focused on women\u2019s clothing, founded by Shivani Poddar and Tanvi Malik in 2012. The brand has recently acquired major investments from SAIF partners, India Quotient Opportunities Fund, Abhishek Dalmia, Star Global Resources, Atma Ram Builders, Ashwin Babulal Shah, Pratima Singh and Harki Properties and Investments. According to Inc42, the company has offered 1, 16,449, Series B2 preference shares to its investors on May 29, 2020, at a face value of INR 100 with a premium of INR 1681.92 per share worth INR 20.75 Cr.<\/p>\n