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Mangrove Capital invests $4 million in Global Online Apparel

Luxembourg-based venture capital firm Mangrove Capital
Partners has invested $4 million for a minority stake in Global Online Apparel,
a holding company of Indian footwear ecommerce firm BeStylish.com. According to
VCCircle, with the fresh fund, Global Online Apparel now plans to launch more
portals in other countries.

Luxembourg-based venture capital firm Mangrove Capital
Partners has invested $4 million for a minority stake in Global Online Apparel,
a holding company of Indian footwear ecommerce firm BeStylish.com. According to
VCCircle, with the fresh fund, Global Online Apparel now plans to launch more
portals in other countries.

Harish Bahl’s The Smile Group had launched BeStylish.com in
May, 2011. The group also runs the private sales site FashionAndYou.com and the
group buying site DealsAndYou.com. Haris Bahl is also a promoter of Global
Online Apparel.

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