Matrix, Incapital Participate $10M Round In Itugo.Com

Hangzhou-based female fashion sharing and communication platform Itugo.com has received approximately US$10 million dollars new round of financing from Matrix Partners, Incapital and Cash Capital, according to Chinese media reports.

The company previously received RMB10 million (US$1.6 million) series A financing from Incapital last year.

Itugo received several millions RMB angel investment from Matrix Partners in 2012.

Founded in 2012, Itugo mainly helps users find where to buy clothes or accessories while they browse through the Internet. It also provides female consumers a platform to share their shopping experiences.

The company claims to have 15 million registered users in total.

China Expert network
 
China Expert network

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