myGemma.com, LLC

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myGemma.com, LLC - overview

Location

New York, NY, US

Primary Industry

Retail

About

myGemma. com, LLC is an online platform that facilitates the buying and selling of authenticated luxury jewelry, watches, bags, and shoes, offering customers access to high-end items at competitive prices. myGemma. com operates as a specialized marketplace for authenticated luxury goods.


The company was founded in New York, US, and is led by CEO Andrew Brown. It has made one notable deal as of April 25, 2022. myGemma specializes in the buy and sell of authenticated designer jewelry, watches, bags, and shoes, providing customers with access to a range of luxury items at significantly reduced prices. Their core offerings include designer handbags, fine jewelry, and premium watches, all expertly authenticated for quality and reliability.


The company promotes a circular economy by allowing customers to sell their pre-owned luxury goods while also purchasing authenticated secondhand items. Their primary customer base consists of luxury shoppers seeking high-quality products at accessible prices, along with individuals looking to sell their designer items for cash or store credit. myGemma services markets across the United States and internationally, catering to a diverse clientele interested in luxury goods without the associated retail markups. myGemma's revenue model is structured around direct-to-consumer sales, providing a platform for individuals to buy and sell luxury items.


Customers purchase authenticated goods at competitive prices or sell their own items directly to the company for cash or store credit. The company also offers consignment options where sellers can list their items on multiple marketplaces through myGemma. Flagship offerings include high-end brands like Tiffany & Co. , Cartier, and Louis Vuitton, enabling customers to access luxury items at up to 80% off retail prices.


Payment options include flexible installment plans through partnerships with services like Affirm and Afterpay. myGemma plans to leverage recent funding from its latest deal on April 25, 2022, to enhance its product offerings and expand into new markets. This includes launching new lines of luxury products aimed at a broader audience. The company is focused on entering international markets, particularly in Europe and Asia, by the end of 2023.


Furthermore, myGemma intends to enhance its technology platform to streamline the buying and selling process, thus improving customer experience.


Primary Industry

Retail

Sub Industries

Footwear, Accessories, Retail

Website

www.mygemma.com

Verticals

E-commerce

Total Amount Raised

Subscriber access only

myGemma.com, LLC - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Private DebtCompletedmyGemma.com, LLC-

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