November 5, 2012 via TechCrunch by Leena Rao – OrderGroove, a startup that allows brands to create subscription and membership commerce, has raised $7 million from Fung Capital USA, with additional investment from Lerer Ventures, Legend and SWaN Ventures, Allegro Venture Partners, Bee Partners, as well as former Walmart.com CEO Raul Vazquez and NEW Corporation’s Chairman Fred Schaufeld.
Brands turn to OrderGroove to add subscription commerce models to their e-commerce sites. For example, L’Oreal uses OrderGroove’s SaaS to offer a monthly box of skincare products.

OrderGroove has tripled its client roster in the past twelve months to more than 60 brands, including Grainger, L’Oreal, Jockey, NBTY, Freshpair and Lot18. The company has experienced 430% year-over- year revenue growth.

Read more at TechCrunch

Share
 

Comments are closed.