While surfing through the internet, I came across the following webistes which is in-line with the FashionAndYou.com which I posted here. The following websites provides the products of latest brands at the discounted price and also reward you for inviting your friends. You can redeem the reward for buying products on their portal. I am only covering the reward part of these portals as they are same as FNY.com.

1. Brandmile.com :  Brandmile gives you the store credit worth Rs. 1100 when any of your invited friend makes his first purchase. I have observed that this credit does not credit instantly rather shows in the pending credit. Either they want to make sure that the purchase made or the account is valid before crediting the amount for your credit. For the limited period of time, shipping is FREE for the purchases made on Brandmile.com. To join click here.
2. Fashnvia.com : This portal has maximum brands which include the low cost brands as well which is not there with other portals. You get the credit worth Rs. 250 after the first purchase made from your invite and you can earn upto credit worth Rs. 1 crore as mentioned in their portal. This credit will be valid only till 31/12/10. To join simply click here.
3. ThePrivateSales.com : You can get Rs. 400 worth of credit once your invited friend has made his first purchase. Earlier they were giving Rs. 200 worth of credit for joining to their portal, I am not very sure if this still exist. You can let us know when you join, to join click here.