New Atlantic Ventures and LaunchCapital led the $1.5 Million first round of funding for Fashion Playtes. The startup is yet to make it to the public and will emerge as on online fashion community that enables girls create their own designs for clothes and buy them right there. The startup is leveraging the right category as their has been quite a lot of business for such sites in the recent past with easy flow of cash. Lets wait and see how it fares after the site goes public late this year.
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[...] The online fashion sites have been faring quite well with almost all the major players getting their share of funding. The most recent to have bagged cash include Fashion Playtes. [...]