Fast fashion retailer NEWME raises $18m Series A funding led by Accel for offline expansion and supply chain optimization.
Fast fashion retailer NEWME raises $18m in Series A funding led by Accel, with participation from existing investors Fireside Ventures and AUM Ventures. The company plans to use the funds for offline expansion and optimising its supply chain, opening 40-50 stores across 20 key cities in the next 12-18 months. NEWME aims to grow 4x compared to last year by the end of the current financial year.
July 18, 2024
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