„Modest fashion online retailer Modanisa today announced that it has sold a minority stake to Goldman Sachs and Wamda Capital.
Currently, exports account for 80 per cent of its business and this latest investment will be used to establish new logistics centres in Europe and the Middle East to enable faster shipping times and to simplify returns. Offices in Amsterdam and the UAE are also in the pipeline.
Launched in 2011, Modanisa now operates in 130 countries providing more than 70,000 items from its list of 650 designers and suppliers.“
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