Wayfair Raises $36 Million in Search of Home Decor Dominance
Wayfair, a Boston-based network of retail sites that focuses on home decor, has raised $36 million in its second round of funding amid rapid expansion of its third retail branch: a flash-sales site called Joss & Main.
Joss & Main, which offers a curated shopping experience similar to sites like Fab and One Kings Lane, has grown over the course of a year to have about a $100 million annual revenue run rate, said Wayfair CEO and co-founder Niraj Shah.
