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Fashionandyou.com acquires Urbantouch.com

Fashionandyou.com, the online fashion and lifestyle e-commerce company has acquired Urbantouch.com in a cash plus stock deal valued at approximately $30 million (Rs 166 crores). Abhishek Goyal, who started UrbanTouch.com in January 2011, will now join Fashionandyou.com as the new CEO and the existing shareholders of Urbantouch.com will exit the...

30 Aug 2012