A daily newsletter summarizing recent activity & interesting start-ups globally
RECENT NOTABLE ACTIVITY – SECOND HANDS GOODS
- Carousell, a Southeast Asia-based P2P listings platform raised $35M in Series B funding from Rakuten Ventures, Sequoia Capital, Golden Gate Ventures and 500 Startups. Link
- Tradesy, an online and mobile-based P2P fashion marketplace raised $30M in Series C funding from Wildcat Capital Management, KPCB and Rincon Venture Partners. Link
- Huishoubao, a Shenzhen-based re-commerce platform for mobile phones raised $15.2M in Series A funding from Chengwei Capital and CITIC Capital. Link
- Chronext, a platform for buying and selling luxury watches raised $12.4M in Series C funding from Partech Ventures, Capnamic Ventures, the NRW-Bank, InVenture Partners and Octopus Ventures. Link
- Move Loot, a YC-backed furniture resale platform ceased its operations and sold its customer list to Handy. Link
- Letgo & Wallapop, two P2P listing platforms for pre-owned goods merged in the US with $100M in new funding from existing shareholders. Link
SOME INTERESTING STARTUPS FOUND
MarketPlay – (2016, SF) – Mobile marketplace for millennials to discover and trade unique products.
Dibind (2016, Boston) – Online community where users can sell and buy previously-owned furniture.
LEADER BOARD – SECOND HANDS GOODS
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Listing Platforms
58.com (2005, Beijing, IPO) – Online classified advertisements website serving local merchants and consumers in China. Went IPO in 2013.
Baixing (2005, Shanghai, IPO) – Online classified website that helps users to find and publish information related to second-hand goods trade and other local services. Listed on New Third Board in Mar 2016.
Quikr (2008, Bangalore, $350M) – Online classifieds portal to search, buy/sell/rent items and services. Backed by Investment AB Kinnevik, Tiger Global, Warburg Pincus, Nokia Growth Partners & NVP.
Ganji (2005, Beijing, $290M, Acq.) – Online Chinese domestic classifieds platform that hosts information on jobs, used cars, smartphones, etc. Acquired by 58.com in 2015.
Avito (2007, Moscow, $168M, Acq.) – Online classified website for placement of free and paid advertisements about goods and services from individuals and businesses. Acquired by Naspers in 2015.
Olx (2006, NYC, $28.5M) – Online classifieds platform that enables its users to post ads and share them on social networks. Acquired by Naspers in 2013.
Craigslist (1995, SF, Undisclosed) – Online classified advertisements website for jobs, personals, wanted items, services, and discussion forums. Backed by eBay.
Listing Platforms – Mobile Only
Letgo (2015, NYC, $100M) – P2P mobile listings platform. Backed by Naspers.
OfferUp (2012, Seattle, $73M) – P2P mobile listings platform for household goods. Backed by Andreessen Horowitz, Tiger Global & T. Rowe Price.
Commission-based Marketplaces
Enjoei (2009, Sao Paulo, $7M) – Marketplace for second-hand goods where people can buy and sell used/pre-owned goods. Backed by Monashees, Graph Ventures & BVP.
Commission-based Marketplaces – Mobile Only
Mercari (2013, Tokyo, $114M) – Mobile marketplace to buy and sell clothing, electronics, household goods, and specialty items. Backed by WiL, Global Brain, Globis, GMO & East Ventures.
Depop (2011, London, $10M) – Social shopping app to buy and sell items from a smartphone. Backed by Balderton Capital and HV Holtzbrinck Ventures.
Fashion
ThredUp (2009, SF, $131M) – Online marketplace to buy and sell gently used women and kids clothing. Backed by GS, Highland Capital Partners, Redpoint & Trinity Ventures.
Tradesy (2012, Santa Monica, $80M) – Mobile based P2P marketplace to buy and sell clothing items. Backed by KPCB & Rincon Venture Partners.
Vestiaire Collective (2009, Paris, $67M) – Online commission-based marketplace for buying and selling second-hand clothing and accessories. Backed by Eurazeo, Balderton Capital and Ventech.
Poshmark (2011, Menlo Park, $65.5M) – Mobile P2P marketplace for fashion products. Backed by GGV Capital and Menlo Ventures.
Vinted (2008, Vilnius, $61M) – Online marketplace to buy, swap and donate unwanted clothing. Backed by Hubert Burda Media.
Luxury Fashion
TheRealReal (2011, Tiburon, $123M) – Online full-service consignmen
Reebonz (2009, Singapore, $64M) – Membership-based online shopping site of various luxury brands. Backed by Intel Capital.
Electronics
Aihuishou (2011, Shanghai, $70M) – Online marketplace for recycling and sale of second-handelectronic items
Gazelle (2006, Boston, $56M, Acq.) – E-commerce company that buys previously owned consumer electronics directly from consumers and resells them through a global network of retail and wholesale channels. Backed by Craton Equity Partners, Physic Ventures, RockPort Capital, Venrock, Minotaur Capital Management and Minotaur Partners.
Glyde (2006, Palo Alto, $27M) – P2P e-commerce marketplace for new and used electronic products and games. Backed by CRV & RPM Ventures.
Furniture
Chairish (2013, SF, $7M) – Online consignment marketplace for used furniture. Backed by OATV & Azure Capital Partners.
Viyet (2012, NYC, $1.5M) – Online marketplace for luxury pre-owned furniture and accessories. Backed by Female Founders Fund, Metamorphic Ventures and RiverPack Ventures.
Baby & Kids
Swap (2008, Boston, $18.5M, Acq.) – Online consignment store for baby, kids’ and women’s items. Backed by CleanTech Invest. Acquired by Netcycler in 2012.
Percentil (2012, Madrid, $6M) – Marketplace of second-hand products for children. Backed by Active VP & Seaya Ventures.
Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.
For latest update visit Second Hand Goods feed.