Member electric business start-up company Gilt Groupe finally relieved.

Absrtact: Member of Electric power business start-up company Gilt Groupe finally can breathe a sigh of relief. The online retailer sold fashion at a discount to the so-called timed-for-buying model. According to a number of familiar sources to Re/code revealed that the company has raised about 50 million dollars of

Member of the electric business start-up company Gilt Groupe finally relieved.

The online retailer sold fashion at a discount to the so-called "timed-snapping" model. The company has raised some 50 million dollars in new funds, according to Re/code, a source familiar with the news. Gilt spokesman Jennifer Miller spokeswoman Jennifer Miller confirmed the financing and said that the company's current investor, the Pan-Atlantic Investment Group (General Atlantic), The participants include other gilt investors and a new strategic partner.

Prior to the new financing, Gilt had postponed the IPO plan, which some insiders had expected to IPO by the end of 2014. Although Gilt has never announced an IPO plan, it did hire Goldman Sachs to prepare for a listing last year. Now it seems that the company has fallen into a state of instability.

"What we've been saying is that the IPO is likely to happen sometime." "said Miller. "But first we need to do two things: we need to show sustained growth and profitability, and market conditions must be the right one." ”

For gilt, neither condition is present. Although the company has made some progress under the leadership of its chief executive, Michel Perusso Michelle Peluso, it still fails to make a profit. Also, sources said the company's quarterly performance was not consistent enough to convince the company's leadership that it was ready to go public.

In addition, another zulily, a "timed-snapping" model, launched an IPO near the end of 2013, but its share price performance was weaker after the listing, prompting Gilt to take a cautious approach to listing. Zulily, which mainly sells children's clothing and casual wear, has lost 64% of its market value over the past year, as a result of the company's weak earnings performance. Although there are many differences between zulily and gilt, many investors are likely to compare them.

Gilt was founded in 2007, and since its inception the company's total funding has reached about 300 million U.S. dollars. Miller said the company would use the newly raised funds to increase marketing activities and expand international business. Snow）