Refash Pte Ltd
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Refash Pte Ltd - overview
Established
2016
Location
Singapore, -, Singapore
Primary Industry
Retail
About
Refash Pte Ltd is a secondhand fashion platform based in Singapore, focusing on sustainable fashion by allowing consumers to buy and sell pre-owned clothing and accessories. Founded in 2016, Refash Pte Ltd operates as a secondhand fashion destination in Singapore. The company has undergone strategic shifts to enhance its focus on sustainability. Aloysius Sng is the founder, and Kim Rawicz serves as the CEO.
The latest funding round was a Seed round in May 2022, raising USD 0. 300 mn from investors including TBV Capital and TRIVE, contributing to a total amount of USD 0. 300 mn raised. The company's current valuation stands at USD 1.
349 mn. Refash operates as a leading secondhand fashion destination in Singapore, specializing in the resale of pre-owned clothing and accessories. The company's core offering centers on sustainable fashion, allowing consumers to engage in mindful consumption by buying and selling gently-used items from popular brands. The target clientele includes environmentally conscious consumers and fashion enthusiasts seeking unique pieces.
Refash serves primarily the Singaporean market while also appealing to international customers interested in sustainable fashion solutions. In the most recent year, Refash generated revenue of USD 2,809,867. 30, with an EBITDA of USD -467,690. 60.
The company earns revenue through direct consumer sales of secondhand fashion items and a consignment model enabling individuals to sell their items. Products can be purchased online or at physical locations, aligning pricing with the quality and brand of items, which attracts budget-conscious shoppers. Following its acquisition by Carousell Pte. Ltd.
in May 2022, Refash plans to enhance its offerings and expand its market reach. The recent Seed funding of USD 0. 300 mn will support these growth initiatives. The company aims to launch new product lines focused on sustainable fashion in 2023 and is exploring opportunities to expand into other Southeast Asian markets by the end of 2024.
This strategic development is anticipated to strengthen Refash's presence in the fashion space and drive partnerships that accelerate recommerce in Singapore.
Current Investors
Carousell Pte. Ltd., Naver Corp.
Primary Industry
Retail
Sub Industries
Clothing Stores
Website
www.refash.sg
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Refash Pte Ltd - timeline of key events
Refash Pte Ltd - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 738,071 | 840,113 | 305,978 | 616,417 | 705,735 | - | - | - |
| % Revenue Growth (YoY) | - | 13.8% | (63.6%) | 101.5% | 14.5% | - | - | - |
| EBITDA (USD) | (263,537) | (97,595) | (40,322) | 47,988 | 147,330 | - | - | - |
| Operating Income (USD) | (269,957) | (104,017) | (40,322) | 47,988 | 147,330 | - | - | - |
| Operating Margin | (36.6%) | (12.4%) | (13.2%) | 7.8% | 20.9% | - | - | - |
| % EBITDA Margin | (35.7%) | (11.6%) | (13.2%) | 7.8% | 20.9% | - | - | - |
| NET Income (USD) | (271,768) | (104,017) | (40,322) | 47,988 | 147,330 | - | - | - |
| % Net Margin | (36.8%) | (12.4%) | (13.2%) | 7.8% | 20.9% | - | - | - |
Refash Pte Ltd - employee data
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