Apparel
ru-Net invests in two Indian fashion e-retail sites
Russian company ru-Net has become the first foreign company to invest in an Indian online retail company. The Moscow-based internet and technology investment company invested $17 million (Rs 95.2 crores) in Freecultr and BeStylish, two e-commerce websites backed by the Smile Group. This was also the first time a Russian company invested in India...
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