Snapdeal.com has announced that it has acquired Exclusively.com. With this acquisition, Snapdeal.com looks to further strengthen its fashion business and reaching $2 billion in GMV in the fashion category this year.
Luxury and premium fashion brands from across the world can now open stores in Exclusively’s online luxury mall. The first company to offer Indian designer-wear online, exclusively retails hundreds of India’s leading designers on its site, including Manish Malhotra, Tarun Tahiliani, Manish Arora, Anita Dongre, Rohit Bal and many more.
Kunal Bahl, co-Founder & CEO, Snapdeal.com said, “Snapdeal has always operated ahead of the curve in the e-commerce space, especially when it comes to category leadership. We have witnessed a surge in the demand from consumers across the country for premium and luxury products, however, given that access to luxury brands is severely limited in our country, we have brought Exclusively into our family to provide our 40 million+ users the access to widest range of aspirational, high end products and services.â€
Sunjay Guleria and Mohini Boparai-Guleria, co-Founders of Exclusively said, “Exclusively has built and grown a cache of leading premium Indian designers, brands and boutiques. The partnership with Snapdeal comes at the right time.â€
