U.S.-based investment bank and financial services company Goldman Sachs has acquired a $35 million stake in fashion startup Rothy’s.
With this investment, Rothy’s will open additional storefronts and expand its business operations abroad.
This year, Rothy’s expects to book more than $140 million in revenue.
In January 2017, Rothy’s collected $7 million in a funding round led by U.S.-based investment firm Lightspeed Venture Partners.