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HBC and Insight Partners Launch Saks as a Standalone Ecommerce Company Set to Rapidly Expand Customer Base in Growing Online Luxury Fashion Market


Raises $500 million from Insight Partners to create preeminent luxury ecommerce platform, valuing Saks at $2 billion
Marc Metrick to serve as CEO and board member of new company
Sebastian Gunningham to join Saks board and serve as advisor
NEW YORK–(BUSINESS WIRE)–HBC and leading growth capital investor, Insight Partners, have entered into a partnership that establishes Saks Fifth Avenue’s ecommerce business as a standalone entity, which will be known as Saks. Insight Partners has made a $500 million minority equity investment in Saks, valuing the business at $2 billion. The retailer’s 40-store fleet will operate separately as an entity referred to as SFA, which remains wholly owned by HBC. As separate but related sister companies, Saks and SFA will be better able to appropriately plan for and invest in their respective service models. ....

New York , United States , Hudson Bay , Richard Baker , Sebastian Gunningham , Deven Parekh , Larry Bruce , Marc Metrick , Franz Ferdinand Buerstedde , Stikeman Elliott , Stores To Remain Key Customer Touchpoint , Morgan Stanley Co , Willkie Farr Gallagher , Ropes Gray , Insight Partners , Saks Fifth Avenue , Executive Chairman , Sak Growth , Luxury Ecommerce Platform , Partner Managing Director , Remain Key Customer Touchpoint , Fifth Avenue , Buy Online , Pickup In Store , Ferdinand Buerstedde , Managing Director ,

[Funding alert] Hospitality startup Vista Rooms raises Rs 10 cr led by DSG Consumer Partners


[Funding alert] Hospitality startup Vista Rooms raises Rs 10 cr led by DSG Consumer Partners
Co-founder Ankita Sheth said they plan to scale their network of properties to over 1000 within the next 18-24 months
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raised Rs 10 crore in funding led by
DSG Consumer Partners. Other investors including
CA Holdings, Artha India Ventures and Anand Ladsariya also participated in this round.
Speaking about the raise, Ankita Sheth, Co-Founder of Vista Rooms said,
“We have seen an exciting secular shift in traveller behaviour: homestays are becoming the vacation of choice, encouraged by WFH and online school. As people become comfortable with the concept of staycations, we have seen our customers return for more bookings in new locations and homes. This sudden but lasting lifestyle change is an opportunity for Vista that is already leading to exponential growth. ....

Sri Lanka , Rajeev Mehrotra , Deepak Shahdadpuri , Anand Ladsariya , Rajan Anandan , Ankita Sheth , Amit Damani , Pranav Maheshwari , Holding Director , Singapore Angel Network , Vista Rooms , Artha India Ventures , Rooms Property , Partner Managing Director , ஸ்ரீ லங்கா , ராஜீவ் மெஹ்ரோத்ரா , ராஜன் ஆனந்தன் , அன்கிட்ட உறை , அமித் தமணி , பிரணவ் மகேஸ்வரி , வைத்திருத்தல் இயக்குனர் , சிங்கப்பூர் தேவதை வலைப்பின்னல் , விஸ்டா அறைகள் , அர்த்த இந்தியா முயற்சிகள் , அறைகள் ப்ராபர்டீ , கூட்டாளர் நிர்வகித்தல் இயக்குனர் ,