Independent luxury kidswear etailer Alexandalexa.com has sold a majority stake in the business to investment management firm Tiger Global, one of the original investors in social networking site Linkedin.
The investment from Tiger Global values the company, which was founded just three years ago, at £16m. The business sells luxury kidswear brands online including Ralph Lauren, Burberry, Little Marc Jacobs and Junior Gaultier.
According to the Sunday Times founders Alex Theophanous and wife Alexa Till will retain their 20% stake.
In December last year, Alexandalexa.com received an investment of £1.5m from venture capital firm MMC Ventures to drive international expansion.