Fashionandyou.com to get Rs 300 crores funding boost

Flash fashion website Fashionandyou.com has attracted 50 million dollars or Rs 300 crores in funding, through a fresh round led by US-based investment fund Morgan Creek Capital. The e-tailer also got 10 million dollars from Vip.com, China's largest flash sale retailer listed on the NYSE, where Morgan Creek Capital is an investor. Fashionandyou's existing investors Sequoia Capital and Norwest Venture Partners, among others, are also expected to participate in the latest funding round.