YCloset was a women clothing rental platform.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Alibaba Group | Yes | Corporate Round |
Zhizhuo Capital | — | Series C |