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The global fashion business journal

Jul 8, 20202:59am

Moda Operandi raises a $100 million dollars to accelerate its expansion

The Domican family, Comerica Bank or Triple Point Capital have been some of the investors who have led the round.

Feb 3, 2020 — 8:03am
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Moda Operandi raises a $100 million dollars to accelerate its expansion

 

 

Moda Operandi injects fuel to grow. The Moda Operandi ecommerce platform has seized one hundred million dollars in an investment round with the aim of underpinning its digital strategy and investing in innovation.

 

The Santo Domingo family, Comerica Bank or Triple Point Capital have been some of the investors who have led the investement together with current shareholders of the company such as New Enterprise Associates and Apax Digital Fund. The new capital injection raises Moda Operandi’s capital stock to 345 million dollars.

 

“This investment will enable us to build on that innovation, investing further in the client and designer experience and connecting more of the world's best fashion to more people,” said Ganesh Srivats, CEO of the group, in a statement.

 

In addition, the company’s international expansion is another objective of the group following the capital injection. Moda Operandi has particularly put the focus of its expansion in China, where it recently appointed a new CEO, Ming Yang, to lead the business.

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