Naaptol.com has entered the private sales business by launching Naaptol Club. The company had began as an e-commerce play, prior to the recent funding boom, and then launched a Home Shopping business before it raised Rs 33 crore in financing from Canaan Partners.
A the time of filing this post, Naaptol Club was offering fashion apparels like denims, formals and accessories like sunglasses, watches and perfumes from 14 different brands like Guess, Levi’s, Numero Uno, Puma, Revlon. It claims to offer an 80-90% discount, and among its payment modes, supports cash on delivery, debit and credit cards, and AmEx.
Earlier this year several online shopping sites raised significant amount of capital: ThePrivateSales.com has raised $5 million (around Rs 22.44 crore) from a group of five investing companies, 99Labels.com raised 16 crore ($3.5 million) from Info Edge, Exclusively.in secured $16 million in a Series-B funding round led by Tiger Global Management along with Accel Partners India and Helion Venture Partners.