Rent the Runway
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Rent the Runway is launching same-day delivery, starting in NYC
Rent the Runway customers can now be one step closer to actually not having a closet. The company just announced they are launching same-day delivery in NYC, with plans to expand to other markets soon. Customers who order by 12pm will have their order delivered by 5pm, and receive live updates with the ability to adjust the delivery window. To be clear, Rent the Runway has experimented… Read More
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Rent the Runway raises $60 million
Fashion e-commerce powerhouse Rent the Runway has confirmed that it raised $60 million in a funding round led by Fidelity Investments. Technology Crossover Ventures, Bain Capital Ventures, Highland Capital Partners and Advance Publications are also participating in the round. Recode, which first reported the news, was told that the valuation was a “significant step up” from the… Read More
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Amazon eyed up Everlane, Le Tote and more for acquisition in a wider fashion push
Amazon has been focusing attention on areas like media streaming, its faster delivery and pickup services, hardware and enterprise via AWS. But it’s also making an effort to reboot one of the more legacy parts of its business: fashion. TechCrunch has learned from multiple sources that the e-commerce giant has considered buying several startups in the fashion sphere as potential… Read More
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Find runway fashions with these apps
Spring is here, which means it’s time to put away those coats and get out those dresses. But is your wardrobe still in style? Fashionistas, take note. These apps will help you find the latest styles. Moda Operandi Straight from fashion week, Moda Operandi makes it easy to shop the runway on its iPhone app. The team compiles the outfits seen at the shows and makes it easy to preorder… Read More
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Crunch Network
Life, by subscription
The American dream is no longer for sale — but it is for rent. We are slowly going through a subtle shift in how the economy is owned and operated, with massive implications. On an average day, you may wake up, shower, dress, drive to work and return home. But the way you do it is changing: Where once you would own the car, the house and the clothes, you now have the option to live life… Read More
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AOL Exec Maureen Sullivan Is Joining Rent The Runway
Maureen Sullivan, president of AOL.com and the company’s lifestyle brands, is departing AOL to join fashion rental service Rent the Runway as president. In her current role, Sullivan has been overseeing the company’s homepage, the MAKERS video series and lifestyle sites including Style Me Pretty. She’s been working with AOL CEO Tim Armstrong since their days at Google, where… Read More
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In Latest Deals Brazilian Investor Kaszek Ventures Doubles Down On Women Entrepreneurs
Latin American investors Kaszek Ventures have kicked off 2015 with back-to-back investments in startups founded and run by Brazilian women — Dress & Go, a luxury apparel rental site, and Love Mondays, an employer review site. Previously, Kaszek had only one female-founded company in their portfolio of 28 — OQVestir, a Brazilian luxury ecommerce site that closed a Series A in 2011. Read More
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Rent The Runway Branches Further Offline, With A Permanent Showroom At Henri Bendel
E-commerce startups have been working at the online-offline game for a while now, in the form of pop-up shops and brick-and-mortar investments like Warby Parker’s New York flagship and Bonobos’ Guide Shops. Now Rent the Runway has found a new home offline: a permanent showroom in Henri Bendel’s iconic Fifth Avenue department store. Read More
Latest Crunch Report
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Rent The Runway Begins Mobile Push With The Launch Of Its First App
Rent the Runway, the site that has been leasing designer dresses to women at a fraction of retail price since 2009, is launching its first mobile app today. With the understanding that their target customer is an on-the-go kind of woman and that usage is increasingly taking place on phones, a newly redesigned mobile site will follow next week. “People aren’t necessarily renting… Read More
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AmEx Backs The Netflix For Designer Clothes, Rent The Runway
Back in November, we wrote that Rent The Runway, a Netflix for designer clothes, accessories and jewelry, had raised $20 million in funding led by Condé Nast Publications, with Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers participating. The company is announcing an additional $4.4 million in new funding from new investor American Express and Novel… Read More
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The Netflix For Designer Clothes, Rent The Runway Raises $20M From Vogue-Publisher Condé Nast And Kleiner Perkins
Rent The Runway, a Netflix for designer clothes, accessories and jewelry, has raised $20 million in funding led by Condé Nast Publications, with all existing investors participating in the fundraising round including Bain Capital Ventures, Highland Capital Partners and Kleiner Perkins Caufield & Byers. To date, Rent the Runway had raised more than $51 million in venture capital. Read More
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Rent The Runway Turns Customers Into Models With New Search Feature
Rent The Runway, a Netflix for designer clothes, accessories and jewelry, is debuting a new way for women to search for designs to rent on the site. Read More
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Social Proof Is The New Marketing
As I’ve written about before, we’re in an amazing period of the consumer Internet. Despite a shaky economy, many web companies are in hypergrowth. This is reminiscent of the five-year period over a decade ago when companies like Amazon, Netscape, eBay, Yahoo, Google and PayPal were built. One challenge, which isn’t new, is the battle for consumer attention. If… Read More
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Luxemi Is A Rent The Runway For Indian Clothes And Jewelry
Leveraging the success of Rent The Runway’s model, Luxemi is launching as an e-commerce site where customers can both borrow or buy Indian apparel and accessories. The site is targeted at a niche audience of South Asian American women who don’t want to spend the money on an expensive Indian outfit, or that don’t live near a shop that sells traditional Indian wear. Instead… Read More
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BeachMint Raises $23.5M at a Rumored $150M Valuation
Up until now, ecommerce valuations have been relatively reasonable compared to social media valuations. As Aileen Lee of Kleiner Perkins and Kevin Ryan of Gilt Group discussed on stage at Disrupt, there’s resistance for these companies’ prices to get too out of control because frequently the margins are tight and scaling up takes time and investment. Also, ecommerce companies have… Read More
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Kleiner Perkins Invests $15M in Rent the Runway
Rent the Runway’s slogan might as well be: Friends don’t let friends wear H&M to the most important events in their lives. The company solves the perennial “closet full of clothes and yet nothing to wear” problem that most women face, by allowing them to rent designer clothes for a big event for about 10% of the price. It’s clearly a problem women have. Read More
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Rent The Runway Raises $15 Million For The Netflix For Couture
Rent The Runway, a Netflix for designer clothes, has raised $15 million in funding according to an SEC filing. The startup does exactly what it’s name indicates: it allows anyone to rent designer clothes for a fraction of the price. Once you pick a design on the site that you’d like to wear, you can schedule a delivery date. Rent The Runway will send two sizes, to ensure that… Read More
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