Luxury Clothing Company Investment Opportunity in Mumbai, India
Any clothes and accessories bought on this platform has crossed star/celebrity to come to you.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Luxury Clothing |
| Locations | Mumbai |
| Local Time | 7:53 PM Asia / Kolkata |
| Listed By | Advisor / Business Broker |
| Status | Active |
Partial Stake Sale
USD
230 thousand
for
Undisclosed
stake
(Native Currency: INR 20,000,000)
Reason: The company aims to boost the circular fashion economy, where fashion becomes an investment, and lux...
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Includes physical assets worth
USD
5.8 thousand
Documents
Product Image
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Product Image
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Shareholders and Shareholding Split
(13.2 KB)
Pitch Deck
(2.1 MB)
Business Overview
- Have Radhika Apte onboard ready to sell the contents of her personal closet.
- Also have 2 designers onboard. In the process of launching 1 Kannada Celebrity, 1 Big Boss celebrity, and 3 more designers next month.
- The business is pre-revenue and their future objectives are:
• Aim at opening the rent segment.
• Pop-ups in mall fashion outlets.
• Sourcing network.
• Moving into the mass market with Plove.
• Converting sellers for Plove into buyers for the company.
• Building tailor & designer network under Plove.
It is a USD 32.6 billion market, growing at a CAGR of 9.4% and estimated to reach USD 47 billion in 4 years. Today, fashion is the 3rd largest industry yet only 1% gets recycled. 20% of wastewater worldwide comes from fabric dying and treatment, be it wastewater, CO2 emissions, or landfill pollution, the fashion industry is at the forefront. Solution: Circular fashion where products become investments, where people use quality clothes and accessories responsibly and sell them back again instead of filling their closets with products that they use only 10 times in their lifetime.
- Also have 2 designers onboard. In the process of launching 1 Kannada Celebrity, 1 Big Boss celebrity, and 3 more designers next month.
- The business is pre-revenue and their future objectives are:
• Aim at opening the rent segment.
• Pop-ups in mall fashion outlets.
• Sourcing network.
• Moving into the mass market with Plove.
• Converting sellers for Plove into buyers for the company.
• Building tailor & designer network under Plove.
It is a USD 32.6 billion market, growing at a CAGR of 9.4% and estimated to reach USD 47 billion in 4 years. Today, fashion is the 3rd largest industry yet only 1% gets recycled. 20% of wastewater worldwide comes from fabric dying and treatment, be it wastewater, CO2 emissions, or landfill pollution, the fashion industry is at the forefront. Solution: Circular fashion where products become investments, where people use quality clothes and accessories responsibly and sell them back again instead of filling their closets with products that they use only 10 times in their lifetime.
Products & Services Overview
The business has various varieties of luxury products. An E-commerce platform that connects buyers to sellers where authentic preloved luxury products are sold. Take care of proper sourcing and authentication of the products and manage end-to-end operations for the sellers including product promotion. Work on the basis of commission once the product is sold.
Assets Overview
It will be answered after the introduction.
Facilities Overview
It will be answered after the introduction.
Capitalization Overview
The company is bootstrapped and funded by the founders, the shareholding among the 5 investors is in a 67.5:20:5:5:1.5:1 shareholding split.
Recent Activity
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Earlier than 15 daysManager, Construction, Patna, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysEngineer, IT, Bengaluru, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysTechnical Staff, IT Services, Bengaluru, Individual Investor / Buyer connected with the Business
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