thredUP
thredUP is the leading online shop to buy and sell like-new women's and kids' clothing..
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 | round | |
| N/A | $168m Valuation: $1.3b | IPO | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 35 % | 15 % | 12 % | (19 %) | 10 % | 7 % | 5 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (21 %) | (27 %) | (16 %) | (8 %) | 4 % | 5 % | 6 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (25 %) | (32 %) | (22 %) | (30 %) | (10 %) | (9 %) | (9 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
thredUP, accessible via thredup.com, is a prominent player in the online consignment and thrift store market. The company specializes in buying and selling high-quality secondhand clothing, shoes, and accessories. It serves a diverse clientele ranging from budget-conscious shoppers to environmentally conscious consumers who prefer sustainable fashion choices. thredUP operates in the broader e-commerce and resale market, which has been growing steadily as more consumers seek affordable and eco-friendly shopping options.
The business model of thredUP is straightforward yet innovative. It allows individuals to sell their gently used clothing items through the platform. Sellers send their items to thredUP, which then inspects, photographs, and lists them for sale on the website. Buyers can browse through a wide range of products, including premium brands like Coach, Kate Spade, and Michael Kors, often at discounts of up to 90% off the original retail price.
thredUP makes money primarily through the resale of these secondhand items. The company takes a commission on each sale, which varies depending on the item's price and category. Additionally, thredUP offers a "Clean Out" service where sellers can send in their items for free, and the company handles the rest, making it convenient for users to declutter their closets while earning some cash.
The platform also features a "New With Tags" section, offering brand-new items at discounted prices, further diversifying its product range. This approach not only attracts a wide array of customers but also encourages repeat business by offering fresh inventory daily.
In summary, thredUP is revolutionizing the way people shop for clothes by making secondhand shopping convenient, affordable, and sustainable. Its business model capitalizes on the growing trend of conscious consumerism, making it a compelling option for both buyers and sellers.
Keywords: online consignment, thrift store, secondhand clothes, sustainable fashion, resale market, premium brands, affordable shopping, Clean Out service, eco-friendly, e-commerce.
