Mexican tycoon Carlos Slim's son helps finance Fancy online store

Mexican tycoon Carlos Slim's son helps finance Fancy online store

© / Reuters

It was not clear how much Slim Domit, chairman of the board of directors of Grupo Sanborns, Grupo Carso's retail arm, had invested in the firm's Series D financing round.

A spokesman for Grupo Carso said Fancy is seen as an ally in the company's e-commerce strategy, but he declined to disclose the Slim family's stake in the firm.

Fancy describes itself as a platform for social shopping, where members create lists of goods they wish to purchase and share them with other subscribers.

(Reporting by Tomas Sarmiento; Editing by Bernard Orr)

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