Fashionandyou.com, one of the recognized e-commerce brands in Indian Online Fashion & Luxury e-commerce space, would be seeing the exit of its Founder & CEO from her present operating role. The company has announced that Pearl Uppal , would be moving on from the CEO’s position – however would maintain her status as a co-founder and share holder of the company. Pearl Uppal had partnered with Harish Bahl, Founder & Chief Executive Officer, Smile Group to launch the online retail venture in early 2010.
The company is looking forward to high growth targets and may possibly be looking at putting in place a new executive leadership, that could steer the company towards better growth. Fashionandyou.com has received a good tranche of VC funding, including – $40 million funding in Nov 2011 from a group of investors led by Norwest Venture Partners and Intel Capital. Earlier on in Dec 2010, the company had landed $8mn from Sequoia Capital India.
As said by Mr. Harish Bahl, CEO Smile Group, “Fashionandyou.com has seen a huge growth in last two years and Pearl Uppal has played a critical role in building this brand. We see this development as a part of growth phase for both – the company and Pearl. As fashionandyou.com will continue to focus on becoming India’s leading brand in online fashion and luxury e-commerce space, Pearl is looking to expand her professional horizons and will be exploring new challenges and opportunities in life as an entrepreneur. We, at Smile Group, wish her all the very best for her future endeavors”
During this transition phase, Mr. Harish Bahl will be actively involved in the operations of fashionandyou.com. The company will be announcing the name of the successor shortly, who will take up the mantle of moving the company to its next phase of growth.