![]() ![]() The cash from its previous round was slated to be used to fund international growth for the now-6-year-old reseller. This round follows from a 4.6 million pound 2020 Series A for Cudoni in 2020, which was led by Daily Mail Group, with participation from retail advisor Andrew Jennings, as well as Hunt Investment Group and Concurrence Capital. The London-based resale platform “provides a luxury resale service in which it picks up items from sellers’ homes, evaluates and lists the items and sells them on commission,” per PYMNTS, with the firm handling “apparel, jewelry, watches and other items from 4,000 designer brands.” 23, 2023 – Cudoni Raises $9.3M in New RoundĬudoni has raised 7.5 million pounds ($9.3 million) from eBay’s venture arm and existing investors, such as Daily Mail Group Venture, in its latest round. The Pakistan-based sneaker and fashion resale platform – which says that it has listed over 25,000 items on its platform, including shoes, apparel, and bags, and has served over 100,000 customers to date – will use the new cash to “build up inventories and stocks, expand market outreach and introduce innovative technology to manage growing demand.” It is also planning to expand abroad, tapping into the global direct-to-consumer and B2B thrift and vintage circular fashion business. ![]() Swag Kicks has raised $1.2 million in a seed round led by i2i Ventures, with participation from Techstars Toronto, CrossFund Hong Kong, Rose Lake Ventures, Elevation Ventures, and STAK group. 16, 2023 – Swag Kicks Raises $1.2M Seed Round With so much activity underway on the resale and rental space, we have put together a (running) timeline of investments and M&A events to provide a broad overview of which players are raising funds, which are merging together, and what the trajectory of this segment of the market – which only appears to be gaining in steam – looks like more generally … Feb. Against this background, funding keeps pouring into the secondary market – whether it be funneled into new resale platforms or already-established ones that are looking to expand their operations, including in an international capacity – and all the while, given the increasingly crowded nature of the market, consolidation is starting to come into effect, with existing entities joining forces to grab a bigger share of the market. Secondary fashion sales are booming, with the global market for pre-owned apparel generating a whopping $40 billion per year, according to Boston Consulting Group, and growing at a rate of 15 percent per annum, as consumers increasingly tap into the online consignment segment, new market entrants rush to meet burgeoning demand, and existing players look to differentiate themselves and their value propositions.
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