WearYouWant Attracts Middle East Oil Funder
Overseas investors are flocking to Thai fashion platform
Bangkok, February 15th 2016: WearYouWant, Thailand’s leading online fashion marketplace has secured its final round of Series B funding from what might be considered an unlikely source - business-savvy venture capitalists with a history of developing oil & gas in the Middle East. The investment is a real boost to Thailand’s growing reputation as an e-commerce hub and an impressive acknowledgement of WearYouWant as a leading online platform within that industry.
Sebrina Holdings, based in Singapore, is a multi-asset class family office with a legacy that has mainly focused on oil & gas assets in Asia and the Middle East. The holding company also invests in. “extraordinary entrepreneurs and breakthrough ideas”. The WearYouWant investment concludes the fashion platform’s Series B funding round with an undisclosed sum. WearYouWant will utilize the cash injection to add onto ongoing Series B-funded initiatives.
According to Julien Chalté, Co-Founder & Co-CEO of WearYouWant.com the holding company investment represents a positive step forward.
“The funding from Sebrina Holdings is testament to the solid reputation of WearYouWant as an established e-commerce business with great potential and a welcome investment following the company’s success in 2015. As a result, we will continue our efforts in securing a greater foothold in vertical markets, strengthening our fashion community brand’s assets in the marketplace, with potential for expansion on a regional level, as well as developing our WearYouWant native app.”
Director of Assets Group, Sebrina Holdings, Raouf Kizilbash sees real business potential in the WearYouWant investment based on the Thai e-commerce fashion marketplace company’s past success and future plans. “Joining WearYouWant is a good opportunity for us. WearYouWant has shown steep growth in 2015 and the projections for 2016 are promising. We are looking very much forward to working with WearYouWant in the coming years.”
The Sebrina Holdings investment follows two previous series of funding . WYW secured Series A, amounting to USD 1.5 million in 2014 by Digital Media Partners, OPT SEA, IMJ Investment Partners and Julien Chalté, one of WearYouWant’s co-founders. The following year, they secured Series B investment funding for an undisclosed amount from leading Japanese digital fashion marketplace, Start Today, which operates Japan's largest fashion e-commerce portal, Zozotown.
About WearYouWant.com
WearYouWant, founded in 2011, is a fashion and beauty marketplace operating in Thailand; aiming for a regional expansion. WearYouWant is where fashion shops, brands, and designers come together to provide an unbeatable online shopping selection. WearYouWant offers a large collection of 500 well known international and local brands covering multiple categories hereunder, shoes, womenswear, menswear and beauty.
With 14,000 products online, WearYouWant is one of the biggest online fashion and beauty destinations in Thailand, adding hundreds of new products every week.
Behind the scenes, the WearYouWant team supports its partner stores with a software sales platform that includes inventory management, order processing, and promotion services to bring new customers and keep the experience seamless and indistinguishable from a stroll through the mall.
WearYouWant believes in easy and simple shopping on any device, which is why there are both desktop and mobile version as well as native iOS and Android apps.
