Gilt Groupe, flush with cash after a $138 million fund-raising round, is ready to shop.

The fashion-tech company, which started as a designer flash-sales site and has grown into a number of e-commerce categories, will be on the lookout for more areas of expansion, CEO Kevin Ryan said yesterday after announcing the latest financing deal.

Gilt Groupe raised the money from big-name investors, including Goldman Sachs, Softbank, New Enterprise Associates and Draper Fisher Jurvetson. The fast-growing company is now valued at $1 billion.

The New York company is focusing on two upcoming launches: a full-price men’s clothing site and a gourmet food service. It has also ventured into travel, children’s apparel and daily deals.

It bought two start-ups last year but expects to make more acquisitions this year, Ryan said in a telephone interview.

Gilt Groupe may expand into art, bridal or pets as new areas of focus, that is if owners envision a new line that can potentially bring in sales of $50 million in a two-year period.

“All categories could fit into Gilt, we just haven’t made a decision yet,” he said.