Nomorerack Raises $40M In Series B Financing To Build Depth Across Its Biggest Categories

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http://techcrunch.com – Less than one year after completing a $12 million Series A round, the multi-category retailer Nomorerack has raised $40 million in Series B financing led by Oak Investment Partners and HTV Industries. Although the company launched as a flash sales site in 2010, Nomorerack has since transitioned to position itself as an online retailer that offers deep discounts across the board in numerous categories. The financing will go toward customer acquisition and building out the depth of its top categories, which include jewelry, apparel, electronics, home and lifestyle. “At the end of the day, (IT news)