Exclusive – Private shopping club SecretSales has raised £6.3 million in funding from a consortium of investors, including Doughty Hanson, Pentech Ventures and the Partech-managed OCP Innovation fund, TechCrunch has learned.
Launched in the United Kingdom in 2007, SecretSales plans to use the funding to double down on its expansion in the country. → Read More
The usual business model here relies on getting unsold wholesale stock from retailers and… → Read More
Following an initial investment in February, the UK private buying club Secretsales has raised a second round of funding from Germany’s Brands4friends. The actual amount is once again undisclosed but is in the “multi-million pound” region.
Secretsales runs so-called “flash sales” of fashion, beauty, travel, lifestyle and home wares, offering up to 70% off brands such as Gucci, Dolce & Gabbana… → Read More
[UK/Germany] Private buying clubs have become such a hot item of late, it’s perhaps inevitable that we’re starting to see a move towards consolidation.
Germany’s leading online private shopping club, Brands4friends, has invested in the UK’s Secretsales. And while the actual figure is undisclosed, which isn’t a surprise considering how competitive this space is right now, sources say it’s in the… → Read More