Chinese investors back maternal and kids wear e-commerce site PatPat’s $510m rounds
By Eudora Wang
July 19, 2021
PatPat, a global e-commerce website that sells baby clothes and matching family outfits, announced on Monday that it has raked in $510 million from two funding rounds backed by Chinese investors.
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The Dettol soap maker will retain an 8% stake in the business.
The corpus will be used to spruce up product R&D, and ramp up recruitment, among others.