Regard Ventures, LuxeYard team up for Indian entry

LuxeYard India, led by Sashi Chimala, and Regard Venture

Solutions have entered into an agreement for the first round of funding to fuel the company’s plans of venturing the Indian e-commerce market. LuxeYard is expecting to increase its global footprint with its fast-growing start-up inching towards higher revenues and expansion goals. The revenue strategy leverages inherent reciprocity in access to US and Indian merchandise and distribution channels. Curated luxury living and style products from India will be made available in LuxeYard’s global distribution network and India will have access to the American products.

“We have reached a critical milestone for LuxeYard’s successful entry into India,” said Chimala. “Not only will this expansion provide global access to a luxury lifestyle Indians want, it will also satisfy an international demand for curated Indian luxury products. Our agreement with Regard will give us the momentum we need to fill this highly profitable vacuum in India’s ecommerce marketplace,” he added.

According to Manish Paranjape of Regard Venture Solutions, “There is tremendous value in what LuxeYard is accomplishing on the international stage. Non-travel ecommerce in India is a fast-growing market with incredible potential and we believe LuxeYard India is in a desirable position to leverage this potential.”

LuxeYard is a members-only flash sale site for luxury home furnishings, decor and fashion that offers access to unique products sourced from an experienced team at prices up to 70 per cent off retail.