Trendly Inc.

Based in the US, Trendly Inc. operates a luxury resale platform focusing on the buying and selling of high-end designer bags, watches, jewelry, and accessories. Trendly Inc. specializes in facilitating luxury item transactions, enhancing the resale experience for both sellers and buyers.

The company was founded in 2014 in Brooklyn, US by Charles Gorra, Christopher Huxley, and Thomas Mengoulis. With a total of 8 deals, Trendly raised USD 33. 09 mn in Series E funding on December 14, 2021, led by Novator and supported by General Catalyst Partners. The total amount raised by the company is USD 33.

09 mn, with a current company valuation of USD 226. 21 mn. Rebag specializes in the buying and selling of luxury designer bags, watches, jewelry, and other high-end accessories, aiming to facilitate a seamless resale experience for both sellers and buyers. Their primary service allows individuals to sell their luxury items and receive credit or cash in return, addressing the need for a trusted platform in the resale market.

This service appeals to fashion-conscious consumers, affluent individuals looking to declutter their wardrobes, and collectors searching for exclusive pieces. Rebag's offerings are available predominantly in major urban markets across the United States, catering to cities with a strong presence of luxury retail and a demographic inclined towards designer goods. Rebag's revenue model is driven by direct sales transactions involving luxury items where sellers receive a payout based on the resale value of their goods. The company structures its transactions to enable customers to either sell items outright for cash or opt for store credit, often incentivized by bonuses for higher-value items.

The pricing structure for this service includes commissions or fees determined by the item's sale price, offering a transparent approach to buyers and sellers. The firm also promotes financing options such as 0% APR plans, enhancing accessibility for consumers who wish to purchase items without an immediate financial burden. Through these transaction modalities, Rebag generates revenue while providing a robust marketplace for luxury goods. In December 2021, Trendly Inc.

raised USD 33. 09 mn in Series E funding, with plans to utilize the funds to further develop technology and launch new features aimed at democratizing access to information. The company is focused on creating an ecosystem that benefits both consumers and retailers. Specific plans for future growth include expanding into new geographic regions, though exact locations and timelines have not been disclosed.