Wayfair raises $157 million in funding

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Wayfair, an online furniture and home decor e-commerce website, has announced it has raised $157 million in funding led by T. Rowe Price. Wayfair has now raised over $350 million in funding. Wayfair was founded under the name CSN Stores 12 years ago and is believed to be preparing for an IPO. The company generated over $900 million in 2013 revenues last year.

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