Zaheer Khan invests in Sher Singh
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Zaheer Khan invests in Sher Singh
Fremont: Indian cricketer Zaheer Khan has invested in Exclusively.in's newly launched label Sher Singh. Apart from the investment, Khan would also be the brand ambassador of Sher Singh. Exclusively.in is targeting a sale of $100 million within the next two years and a turnover of $200 million in the next three years. Exclusively.in had raised $2.8 million from Accel Partners and Helion Venture Partners, and raised $16 million in series B round of funding by Tiger Global Management, with participation from the exisiting investors. Exclusively.in was co-founded by Sonny Cabrewal in 2010, and the online private sales site is the one stop destination for Indian-inspired luxury lifestyle and provides access to the best in the Indian-inspired apparel, jewelry, and accessories. The portal features high-end traditional Indian apparel as well as scarves, jewelery, crafts and other goods made by Indian designers. Sher Singh, the new label will include lifestyle products. By roping in the fast bowler, Excusively.in is aiming to bring incentives for celebrities in order to create fashion labels under one umbrella brand. Sonny Cabrewal, co-founder Exclusively.in, worked in various companies at different capacities--director of business development at Myxer, business advisor at Mobiata, offline business development at Going.com. Cabrewal also co-founded Tavalon tea and has worked as a corporate lawyer at Chadbourne & Parke. He did his J.D. in Corporate law from Georgetown University Law Center, and has a B.A in International Business & Globalization from Duke University. Accel Partners, a venture capital, is dedicated to support entrepreneurs who possess the unique insight to define new categories and build world-class companies. It deeply shares the entrepreneurs' passion for fundamental uniqueness and their courage to be first. Helion Venture Partners is an early to mid-stage, India-focused venture fund, investing in high growth technology powered businesses and consumer services. Tiger Global Management, a privately owned investment manager invests in the public and private equity markets across the globe; typically in the real estate, telecommunications, energy, media, and retail sectors.