Posted under Venture Capital
from http://www.pehub.com 1735 days ago

Flash-sales site Zulily raised $85 million in a funding round that values the company at $1 billion, Reuters reported. Zulily, which launched two years ago, focuses on mothers and sells everything from baby products to home-decor merchandise. It expanded to Britain last year. Its latest funding round was led by venture-capital firm Andreessen Horowitz, which invests in e-commerce sites Fab and ShoeDazzle.

(Reuters) – Flash-sales site Zulily raised $85 million in a funding round that values the company at $1 billion, showing that investors still have cash for some styles of e-commerce.

The cash infusion comes as shares in the daily-deals site Groupon, once viewed as a company that could transform the way consumers buy bargains online, continue to implode. Groupon is trading around $3, compared to its initial public offering price of $20 a year ago.

Seattle-based Zulily’s valuation is on par with the $1 billion valuation investors assigned ...

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