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German online retailer Lesara scores €5.55mn funding

Update On :28 October 2014

German online retailer Lesara scores €5.55mn funding

"Lesara announced a €5.55 million Series A funding, led by Mangrove Capital from Luxemburg. Funderguild, Fabrice Grinda and previous investors like Partech Ventures also joined the round. The fresh funding will be used to expand to more countries, and to further develop its logistics infrastructure. Eventually, Lesara’s founder Roman Kirsch wants to turn the German website into the largest pan-European online budget retailer.
Kirsch previously founded Casacanda, an online shopping club that got acquired by Fab for about 8.72 million euros in February 2012. Lesara was founded in 2013 and has its own supply chain and operations. Its goal is to connect merchants and manufacturers from countries as China and Turkey with European customers who are looking for deep discounts, as Gründerszene writes. The German online retailer sells fashion, jewelry, home products, consumer electronics, gadgets and lifestyle products."

News Source From : http://ecommercenews.eu/german-online-retailer-lesara-scores-e5-55mn-funding/

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