Accel leads $18 million funding in omnichannel fashion brand Newme

Newme said it will use the funds to widen its omnichannel presence as well as invest in technology. The funding round saw participation from existing investors including Fireside Ventures and AUM Ventures. Newme has 6 retail outlets currently but it will add another 40-50 retail stores over the next 12-18 months in 20 cities.