Home / Knowledge / News / Apparel/Garments / LuxeYard signs deal with Regard Venture for Indian foray
LuxeYard signs deal with Regard Venture for Indian foray
27
Jul '12
In a deal announced by luxury living and style flash sales company, LuxeYard, Inc., LuxeYard India, lead by veteran retail entrepreneur and one of India's leading eCommerce pioneers, Sashi Chimala, and REGARD Venture Solutions have entered into an agreement for the first round of funding to fuel the company through launching operations in one of the world's fastest growing eCommerce markets.

The largely untapped eCommerce marketplace will dramatically increase LuxeYard's global footprint further propelling the fast-growing start-up toward increased revenue and expansion goals. The revenue strategy leverages inherent reciprocity in access to U.S. and Indian merchandise and distribution channels. Additionally, curated luxury living and style products from India will be made available in LuxeYard's global distribution network and India will have access to U.S. 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."

"There is tremendous value in what LuxeYard is accomplishing on the international stage," said Manish Paranjape of REGARD Venture Solutions. "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's agreement with REGARD followed a recent licensing deal with Chimala who's extensive experience as a highly regarded entrepreneur in India and track record for creating consumer brands with innovative marketing programs in successful technology start-ups, positioned him as an effective candidate for bringing LuxeYard into India efficiently and prepare the stage for a successful expansion.

LuxeYard Inc.


Must ReadView All

Courtesy: Fashion Revolution/Fashion Transparency Index

Apparel/Garments | On 23rd Apr 2018

Transparency helps in swiftly alerting brands

Disclosing key supplier, supply chain and operational information...

Japan’s clothing imports up 4% in fiscal 2017

Apparel/Garments | On 23rd Apr 2018

Japan’s clothing imports up 4% in fiscal 2017

Japan’s imports of clothing and accessories increased by 4 per cent...

Courtesy: Fashion Revolution/Fashion Transparency Index

Fashion | On 23rd Apr 2018

Top global fashion brands now more transparent

Fashion Revolution’s Fashion Transparency Index 2018 reveals Adidas...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search