Sameer Group Pvt. Ltd. acquires online fashion giant ModLily® for $1.2 million
The online fashion giant ModLily.com, a US & China based company formed in 2009, with nearly 3 million followers on Facebook and one of the top five clothing retailers on Amazon has been acquired by an Indian Tech Entrepreneur, Syed Sameer Ali, 31, CEO of Sameer Group (www.sameergroup.org) for $1.2 million on the online website marketplace Flippa.com – one of the largest such deals in the platform’s history.
The acquisition deal was completed in February 2022 and has made headlines owing to the huge popularity of the ModLily brand among the online fast fashion industry.
Syed Sameer, a self-taught programmer & web-designer, hand-coded, designed and launched his first website at the age of 11, and by 14, Sameer started his own web-design company called “CubeFlow Services”.
By the time he was 20, Sameer’s flourishing web-design company went on to earn many web-design accolades from industry leaders such as SitePoint.com and worked with notable clients from around the world.
Currently, Syed Sameer is CEO of Sameer Group – a holding company with interests in e-commerce, digital advertising, and he has also been learning the ropes and taking over his family’s sizeable real-estate business based in India.
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