YCloset

company

About

YCloset was a women clothing rental platform.

  • 101 - 250

Details

Last Funding Type
Corporate Round
Industries
Apps,Fashion,Rental,Shopping,Women's
Founded date
Jan 1, 2015
Number Of Employee
101 - 250
Operating Status
Close

At YCloset, users were able to enroll for a monthly fee and rent clothes and accessories free of charge. Founded in 2015, the Beijing-based online platform operated in about 40 cities in China, including Beijing, Shanghai, Guangzhou and Shenzhen. They had partnered with over a hundred fashion brands providing the rental service. The firm announced that it would close down its operations by August 15, 2021.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$70M
YCloset has raised a total of $70M in funding over 2 rounds. Their latest funding was raised on Sep 7, 2018 from a Corporate Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 7, 2018 Corporate Round 1 Alibaba Group Detail
Sep 6, 2017 Series C $50M 1 Detail
Mar 21, 2017 Series B $20M 1 Detail

Investors

Number of Lead Investors
Number of Investors
1
2
YCloset is funded by 2 investors. Alibaba Group and Zhizhuo Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Alibaba Group Yes Corporate Round
Zhizhuo Capital Series C