10 years ago

The Luxury Closet Raises $2.2 Million in Series A Funding

  • The Luxury Closet, an online platform for buying and selling pre-owned luxury goods, has secured $2.2 million in Series A funding

  • The company, founded by former Louis Vuitton sales head Kunal Kapoor, will use the investment to scale its operations

  • The round was led by Dubai Silicon Oasis Capital and twofour54, with MENA Venture [Investments] also participating

  • The Luxury Closet has raised over $3 million in venture capital funding to date.

      • ProblemRetail

      "People in the Middle East want to buy and sell luxury goods, but there is no easy way to do it online."

      Solution

      "The Luxury Closet is an online platform that allows people to buy and sell pre-owned luxury goods on consignment."

      Covered on