Refash

Last updated
Refash Pte Ltd
Company type Private
Industry Recommerce
Founded2015
FounderAloysius Sng
HeadquartersSingapore and Malaysia
Products Clothing
Website refash.sg

Refash is a Singapore-based fashion re-commerce platform for women to buy and sell preloved clothing. It runs an omni-channel model, with 6 physical stores in Singapore and Malaysia.

Contents

History

Refash was founded in September 2015, by Aloysius Sng. [1]

Started off as a retail outlet in City Plaza, [2] REFASH grew into a start-up launched in January 2016. [3]

Refash is a graduate of SPH Plug and Play accelerator programme. [4] In September 2016, REFASH raised a $400,000 seed funding. The round was led by Singapore's Tri5 Ventures, and joined by Malaysia-based Tinkbig Ventures, and an unnamed angel investor. [5]

In June 2017, Refash launched its online site at refash.sg where sellers self-list their clothing.

Overview

Refash is a platform for women to sell and buy preloved items, ranging from fast fashion clothing to designer handbags. [6] Brands include fast fashion brands like Zara, Topshop, Forever 21, H&M, and local brands like Ohvola, MDS and Love, Bonito. [7] Refash handles all buyer enquiries, packaging, shipping, payments and returns on behalf of sellers, and provides image enhancement services for its online self-listing platform. [8] [9]

Related Research Articles

<span class="mw-page-title-main">JD Sports</span> British sports-fashion retail company

JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company.

77th Street was a clothing company based in Singapore founded by Elim Chew in 1988 with a small shop at Far East Plaza, Singapore. Citing rising rents, Elim Chew closed the last 77th Street outlet at Ang Mo Kio in 2016.

Flipkart Private Limited is an Indian e-commerce company, headquartered in Bangalore, and incorporated in Singapore as a private limited company. The company initially focused on online book sales before expanding into other product categories such as consumer electronics, fashion, home essentials, groceries, and lifestyle products.

<span class="mw-page-title-main">Cotton On Group</span> Australian multinational retail company

Cotton On Group is an Australian retail company known for its fashion, clothing and stationery brands. As of 2020, it has over 1,500 stores in 18 countries employing 22,000 people across eight brands: Cotton On, Cotton On Kids, Cotton On Body, Factorie, Typo, Rubi, Supré, Ceres and Cotton On Foundation.

<span class="mw-page-title-main">Charles & Keith</span> Singaporean fashion company

Charles & Keith Pte. Ltd., styled as CHARLES & KEITH and also known as C&K, is a Singaporean fashion house label founded in 1996, specializing in footwear, handbags and fashion accessories. Based in Singapore, the brand has a global footprint, operating more than 600 stores worldwide across 37 countries.

Snapdeal is an Indian e-commerce company, based in New Delhi, India. It was founded in February 2010 by Kunal Bahl and Rohit Bansal.

Ensogo was an Australia-based social commerce website that offered members discounted daily deals on restaurants, hotel accommodations, spa services, beauty treatments, activities and retail products.

E-commerce or electric commerce in Southeast Asia is the buying and selling of products and services over the internet in the countries of Southeast Asia. These practices reached Southeast Asia during the dot-com mania in the 1990s. After the dot-com bust, local e-companies have seen promising growth in this sector.

<span class="mw-page-title-main">ShopClues</span> Indian online marketplace

ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd. The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. In 2015, ShopClues was valued at US$1.1 billion, with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. In 2019, the company was acquired by Singapore-based Qoo10 in an all-stock deal valued at approximately US$70 million, representing one of the largest valuation meltdowns for an Indian-based startup.

<span class="mw-page-title-main">Poshmark</span> Social commerce website

Poshmark is a social commerce marketplace where users can buy and sell new and secondhand fashion, home goods, and electronics. The platform has over 80 million users, with over 200M available listings. The company is headquartered in Redwood City, California, with offices in Canada (Vancouver), Australia (Melbourne), and India (Chennai). The company operates as an independent subsidiary of Naver Corporation since January 2023.

<span class="mw-page-title-main">Carousell (company)</span> Mobile and online marketplace

Carousell is a Singaporean smartphone and web-based consumer to consumer and business to consumer marketplace for buying and selling new and secondhand goods. Headquartered in Singapore, it also operates in Malaysia, Indonesia, the Philippines, Cambodia, Taiwan, Hong Kong, Macau, Australia, New Zealand and Canada. Carousell is available on both iOS and Android devices.

<span class="mw-page-title-main">Lazada</span> Singaporean-Chinese multinational technology

Lazada Group is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.

<span class="mw-page-title-main">Qoo10</span> Singaporean multinational e-commerce platform

Qoo10 is a Southeast Asian e-commerce platform, formerly known as GMarket, headquartered in Singapore. It operates localized online marketplaces across Singapore, Indonesia, Malaysia, mainland China, and Hong Kong, and on one international online marketplace. It optimizes its platform and services for small and medium enterprise merchants.

Oddup is a data-driven research platform that provides analytical information on startups, their trends, and both current and expected future valuations. It is self-styled as The Startup Rating System and the company states its vision is to disrupt equity research in private companies.

Depop is a social e-commerce company based in London, with additional offices in Manchester, Milan and New York City. The company has an expanding global presence being popularised in countries such as the United States, United Kingdom, Australia, New Zealand, and Italy. It allows users to buy and sell items, most of which are used and vintage pieces of clothing.

Datin Vivy Sofinas Yusof is a Malaysian entrepreneur and the co-founder of FashionValet and The dUCk Group.

Zilingo is a technology and commerce platform which was founded in 2015 by Ankiti Bose and Dhruv Kapoor, and has operations spanning Indonesia, Hong Kong, Thailand, Philippines, Australia and the United States. On January 2023, Bloomberg reported that the company was preparing to liquidate.

<span class="mw-page-title-main">Shopee</span> Singaporean e-commerce company

Shopee Pte. Ltd., under the trade name "Shopee," is a Singaporean multinational technology company specialising in e-commerce. It is a subsidiary company of Sea Limited. It was launched in 2015 in Singapore, before its global expansion.

<span class="mw-page-title-main">Ganesh Kumar Bangah</span>

Ganesh Kumar Bangah is a Malaysian serial entrepreneur, technology industry leader and startup investor. He is the founder of MOL Global and Commerce.Asia. He was named the Ernst & Young Technology Entrepreneur of the Year Malaysia in 2002 and at the age of 23, was certified by the Malaysia Book of Records as the youngest Chief Executive Officer of a Malaysian public listed company. He was recognized as one of Southeast Asia's Top 30 Tech Founders by Tech In Asia in 2016 and one of the Most Inspiring Malaysian Technology Entrepreneurs by Top 10 of Malaysia. Within the local tech community, he is also known as “Malaysia’s Bill Gates”, a fact affirmed by the Malaysia's oldest newspaper, the New Straits Times.

<span class="mw-page-title-main">DealStreetAsia</span> Singapore-based financial news website

DealStreetAsia is a Singapore-based financial news website, founded in 2014 by Joji Thomas Philip.

References

  1. Heng, Melissa (10 November 2016). "Check out these fashion gems tucked away in strata-titled malls". The Straits Times . Retrieved 22 July 2017.
  2. "Refash Malaysia opens Kuala Lumpur store". Inside Retailing. 13 March 2017. Retrieved 22 July 2017.
  3. "Local fashion start-up hopes to make buying and selling second-hand clothes cool again". AsiaOne . Retrieved 22 July 2017.
  4. Chng, Grace (20 June 2016). "Start-ups get leg-up from SPH Plug and Play accelerator programme". The Straits Times. Retrieved 22 July 2017.
  5. Tegos, Michael. "Singapore's Refash raises seed funding from Tri5 Ventures". Tech in Asia. Retrieved 22 July 2017.
  6. Min, Chia Yan (9 January 2017). "Go big or go home? Not for these e-commerce start-ups". The Straits Times. Retrieved 22 July 2017.
  7. Chia, Lianne. "Bursting at the seams: Singapore's cast-off clothing". Channel NewsAsia . Retrieved 22 July 2017.
  8. "Refash giving new life to used fashion". Inside Retailing . 20 June 2016. Retrieved 22 July 2017.
  9. Hartung, Richard. "Making money from your closet". Today . Retrieved 22 July 2017.