Fleek, a marketplace for wholesale second-hand clothes, sews up $20M

Quick Summary:

It was 2021, and the mother of Agarwal’s then-girlfriend, who sold clothes on second-hand social commerce site Poshmark (now owned by Naver), was talking about sourcing problems due to supply chain issues at the height of the Covid-19 pandemic.

Used-clothing wholesalers, the manager told him, serve as funnels for sourcing clothing, providing many second-hand stores with stock.

And then, as they started to look into who these offline wholesalers actually were, it felt like fate.“It turned out that the sub-continent is one of the biggest exporters and importers of used clothes,” Arora said.“Sanket and I both grew up in India.We speak the language.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United StatesIndiaPakistan

Topics: Fundraising Fashion Commerce Marketplace Fleek Vintage Clothes Second-hand

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 08:53:25 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 1199 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23548508

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