Spear Capital seals investment in South African online fashion retailer

Posted on: 26 May, 2020 at 9:27 AM

South African online fashion retailer RunwaySale has received an investment of R100 million (about $5.7 million) from private equity firm Spear Capital, according to a BusinessTech report.

According to its website, Spear Capital provides partnerships that leverage Scandinavian business ethics and local African knowledge to grow successful businesses. Spear Capital provides growth capital to SMEs focused on fast-moving consumer goods (FMCG) and local production in a few carefully selected countries.

RunwaySale markets itself as the biggest South African online shopping society. It offers exclusive access to designer labels at up to 70% off for a limited time. New events launch daily that features a variety of mens, ladies and kids designer apparel, shoes, accessories and more.

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