Social Shopping Startup Little Black Bag Raises $8 Million

What's Next In Payments®
3:23 PM EDT August 16th, 2012

Little Black Bag, an eCommerce company with heavy social integration, has raised $8 million in equity backing, All Things D reports.

On the site, Little Black Bag customers are able to purchase exactly that — a “little black bag,” filled with surprise fashion products. Buyers can then go online to trade the products they don’t want with other users.

The company has raised nearly $11 million in backing to date, the report says.

Read the full story here.

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