Global Fashion Group raised €150M

Global Fashion Group, the fashion-focused e-commerce group of Berlin startup powerhouse Rocket Internet, has raised 150 million euros in a funding round.

Something that values the startup at something more than €3,1 billion. It is noted that Rocket Internet has contributed 37 million euros to the funding round and holds a 24,2% stake in Global Fashion Group. It must be mentioned that Rocket Internet has agreed to invest in two Brazilian online fashion businesses, Kanui and Tricae.

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