18 Feb '13, 11pm

Incuvest and Accel-X invests USD 1.6M in @InvertedEdge, an online fashion store

Incuvest and Accel-X invests USD 1.6M in @InvertedEdge, an online fashion store

Incuvest and Accel-X invests USD 1.6M in Inverted Edge, an online fashion store February 19, 2013 by Terence LEE Singapore-based Inverted Edge , an upcoming online fashion store, has announced today that it has raised SGD 2M (USD 1.6M) from IncuVest , Accel-X , and four other undisclosed private investors. The Singapore government’s National Research Foundation also participated in this round through Incuvest via the Technology Incubation Scheme. Soon to be launched, Inverted Edge finds itself in an increasingly crowded space dominated by blogshops and multi-label retailers like ASOS and Zalora . While it doesn’t come across as being innovative from a business model or technological perspective, it strives to distinguish itself from the rest by offering women a unique sense of style, making it a niche but higher margin offering. It plans to feature clothes from Asia-Pacifi...

Full article: http://sgentrepreneurs.com/2013/02/19/incuvest-and-accel-...

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Singapore Fashion Retailer Inverted Edge Takes $1.6M Funding

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techcrunch.com 19 Feb '13, 12am

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