Reebonz receives new round of investment for business expansion

Tue, May 20, 2013: MediaCorp Pte Ltd has announced that it has led in the latest round of fund-raising for Reebonz, one of the famous luxury online retailers in Southeast Asia region, reports Channel NewsAsia. The report shows that this raised SGD50 million (RM120 million) and values Reebonz at more than SGD250 million (RM600 million).

Reebonz is an exclusive online site founded where members are offered high-end designer brands through flash-sale events and it was founded by Singaporean entrepreneurs Samuel Lim, Daniel Lim and Benjamin Han in mid-2009. Currently, Reebonz has over two million members.

Author: VSDaily Editor

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