Tradesy, an online luxury fashion marketplace, has recently raised $67 million in their Series C funding round, solidifying their position as a luxury fashion industry leader.
Tradesy offers customers the chance to buy and sell luxury items worldwide. This article will introduce readers to Tradesy, and discuss the advantages of using the marketplace.
Overview of Tradesy
Tradesy is an online luxury fashion platform that grants access to thousands of exclusive and designer brands. Established in 2009, Tradesy has become one of the go-to places for high end fashion lovers, offering discounts on dresses, handbags and shoes from various top designers. In addition, Tradesy provides a safe and secure marketplace for customers to purchase their favorite sustainable or secondhand garments from those who have already owned them. With the help of its brand protection team, customers can be sure that all orders placed are authentic and arrive as described.
In addition to providing great deals on fantastic products, Tradesy is committed to providing excellent customer service throughout the process. Its customer success team is available via email or phone during business hours to answer any questions or address any customer’s concerns. Furthermore, Tradesy offers free returns on all orders within seven days of receipt with no hidden costs– helping ensure customers are satisfied with their purchases. Finally, to provide added security in shopping, traceable shipping methods like UPS and FedEx are employed so shoppers know their packages will arrive safely at their doorsteps.
Tradesy is your go-to source for all your luxury fashion needs! It’s a reliable community marketplace filled with up-to-date trends that satisfy discerning shoppers worldwide. So shop today and experience why luxury fashion starts with Tradesy!
Luxury fashion marketplace Tradesy raises $67 million
Tradesy, an online platform to buy and sell designer fashion, successfully raised over $30 million in a Series C funding round led by Catterton Partners in May 2018. In addition, the company strengthened its Board of Directors with four new members and signed a strategic partnership with Condé Nast.
At the time of the funding announcement, Tradesy was ranked as one of the top private companies on CNBC’s Disruptor 50 List for 2018 and was in multiple countries including the United States, United Kingdom, Canada and Australia. Additionally, the funds raised were used to expand into China and Europe and extend its service offerings including payment processing integration for an improved consumer experience.
The round comprised several high-profile venture capital groups, including SoftTechVC and VTS Capital alongside follow-up investments from previous investors such as Kleiner Perkins Caufield & Byers (KPCB), Richard Branson’s Virgin Group, Andreessen Horowitz and Battery Ventures. This large investment brought Tradesy’s total funding to $70 million with plans to utilize the extra money to accelerate its long-term growth strategies.
What is Tradesy?
Tradesy is an online luxury fashion marketplace where you can buy and sell designer clothing and accessories. Founded in 2009, Tradesy has recently raised $67 million in funding and is seen as one of the most promising online marketplaces.
In this article, we’ll look at what makes Tradesy a great place to find luxury fashion.
Platform overview
Tradesy is a vibrant platform that provides a wide selection of luxury fashion from worldwide designers. From classic Hermès items to the latest trends, Tradesy has something for everyone.
At Tradesy, we believe in making fashion accessible for all. Our platform is designed to streamline buying and selling luxury fashion from your favorite brands such as Gucci, Prada, Versace and many more. Offering a hassle-free shopping experience each time you visit the site.
The extensive selection of items on the platform includes handbags, shoes, clothing and accessories from various accepted luxury brand names both modern and vintage. At Tradesy you will surely discover your perfect wardrobe combination no matter your style or occasion! Because we carefully vet all items before they make it onto our marketplace with authentication checks as needed.
Our innovative resale marketplace is also an easy way to find great deals on must-haves and even get rewarded for selling on our site so that you can make some extra money while doing what you love – shopping! So whether you’re looking for clothing staples or one-of-a-kind pieces, we work hard to curate only the best deals so that our users can feel great about their purchase every time.
So join us–join a movement where fashion meets sustainability!
Target market
Tradesy is an online marketplace targeting women ages 18 to 45 looking for high-quality, luxury fashion pieces. Our platform offers designer products from over 1,500 leading global and emerging fashion brands like Balenciaga, Gucci, and Prada. Our selection ranges from iconic vintage bags to current season apparel, shoes, and accessories.
At Tradesy we provide the perfect opportunity for shoppers to purchase their favorite luxury fashion items at discounted prices without ever leaving the comfort of their homes. We believe that luxury fashion should be accessible to everyone. Hence, we offer a wide variety of pre-owned options and new items from different retailers worldwide at low but never low quality prices.
Tradesy is also dedicated to sustainability and providing our customers with a convenient way to resell their unwanted pieces to help reduce consumer waste and environmental pollution. We help make it fast and simple for our customers to enjoy their favorite pieces while in style and easily resell them when they are no longer current or desired.
Features of Tradesy
Tradesy is a luxury fashion marketplace revolutionizing how people buy and sell designer items.
Tradesy has recently raised $67 million in funding led by Iconiq Capital, and it is an exciting time for the company.
Let’s explore the features of this marketplace to understand why it is so popular among luxury fashion enthusiasts.
Authentication services
Tradesy offers a range of authentication services to ensure that the items advertised on the site are genuine. This helps to protect buyers from fraudulent sellers who may try to sell counterfeit or knockoff items.
Each item on Tradesy is evaluated and authenticated by a minimum of two authenticators, who use a multi-point process which includes evaluating the item’s name and look, measure specific features of an item, check for counterfeiting tactics, and comparing each item to an internal database of comparable items.
Furthermore, Tradesy provides buyers access to long-term relationships with authentication partners such as Entrupy and Le Mark for additional authentication services.
All items purchased through Tradesy are covered by their “Real or Your Money Back Guarantee” meaning that if an item is found to be not as described, buyers can return the item in its original condition within seven days and will receive a full refund.
Shipping and returns
Tradesy offers buyers access to designer apparel and accessories at a fraction of the original cost. So whether you’re a fashionista searching for a style upgrade or a bargain hunter looking for a deal, Tradesy has something for everyone. We handle all aspects of the transaction, from shipping to returns, ensuring an effortless shopping experience.
Shipping: Tradesy offers complimentary 3-day shipping on all orders over USD 99 within the US and Canada. Orders below that amount are charged a flat fee of USD 9.99. All international orders are shipped via FedEx at a rate determined by package size and weight, but you can expect to pay no more than $50 regardless of order size.
Returns: We understand that buying luxury pieces online isn’t always easy and can involve some risk; that’s why we provide free returns on all items within 14 days for both domestic and international orders guaranteed authentic through our TrueFolk certification program. This allows you ample time to inspect your item before deciding if it’s right for you or if you would like to request another piece in its place or request your money back. Our team takes special care in ensuring your package arrives safely and is ready to be worn when it lands inside your closet door!
Payment options
Tradesy makes paying for your luxury fashion items stress-free and convenient. Customers have several payment options on Tradesy, including major credit cards such as Visa, Mastercard, American Express, and PayPal. All payments are secure, and you can rest assured that your information is safe with Tradesy.
For customers with a balance due after their purchase is completed, Tradesy offers installment plans ranging from 6 to 12 months. These payment plans do not require additional fees, though they may require customers to supply a debit or credit card for security purposes. Customers must pay on time or face potential penalties or late fees.
If customers need more time to decide and pay for their items, Tradesy also offers shopping reserve options –– which allows customers to put items on hold while they sort out the payment details. This feature requires a 10% deposit of the item’s listed price that can be modified later if the agreed upon price differs from what was originally listed online during checkout. All deposits are credited back to customers who choose not to proceed with their purchase after putting the item on hold for up to seven days.
Benefits of using Tradesy
Tradesy is a luxury fashion marketplace that has raised $67 million in venture capital. This impressive feat highlights the platform’s popularity and shows how it has become the perfect place for people to buy and sell luxury fashion items.
But what are some of the benefits of using Tradesy? In this article, we will examine the advantages of using Tradesy.
Cost savings
When you shop for luxury fashion using Tradesy, you can save up to 90% off retail prices. In addition, thanks to Tradesy’s convenient consignment program, you can purchase clothing, handbags, shoes and accessories from your favorite high-end designers at a fraction of the price.
No matter your budget or fashion style, you can find something perfect for you on the site. With Tradesy, consignors sell their luxury items directly to buyers without paying a commission. This cost savings is passed on to you so you can afford more luxurious pieces without breaking the bank.
Additionally, since many of Tradesy’s items are pre-owned products in excellent condition, finding one-of-a-kind pieces at an even greater discount than buying brand new is possible. With Tradesy, indulging in luxury fashion can be more affordable than ever!
Quality control
Tradesy is an online marketplace to buy and sell used designer goods. With pre-loved fashion pieces coming from the closets of inspiring women worldwide, Tradesy’s quality control measures ensure each item is authenticated, inspected and in top condition before being listed for sale.
At Tradesy, authenticity is guaranteed. All items are screened multiple times by a highly trained team of experts for brand accuracy and make sure that it meets Tradesy’s 100% Authenticity Promise. Items that appear to be counterfeit are removed from the site instantly. Tradesy also features a team of on-staff photographers who shoot each item of clothing against a white backdrop to give you the best possible view of the product.
Once you receive your item from a seller, Tradesy provides buyer protection programs such as free returns within seven days if you don’t love your item upon arrival or if it isn’t as described in the listing. Additionally, buyer protection is possible through credit card chargeback recourse and/or reconciliations with sellers via claims processing & third-party reimbursement services ensuring buyers feel secure shopping on Tradesy hassle free.
Variety of products
Tradesy is an online marketplace specializing in the resale and purchase of luxury fashion items, with a wide selection of pieces ranging from designer clothing, shoes, bags, and accessories. With Tradesy, you will find all the best designers and labels at significantly lower prices than retail prices. As a consumer, you can easily browse through hundreds of choices to pick the one that’s perfect for you.
With its expansive list of products from authentic designer brands such as Prada, Gucci, Louis Vuitton and more – shoppers can discover new styles or add timeless favorites to their wardrobe. The incredible selection features current silhouettes and vintage pieces for those looking for something unique or statement pieces to express their style.
Customers need not worry about authenticity as an in-house team of luxury experts authenticates all products to guarantee each purchase is 100% genuine. So now everyone can access authentic luxury fashion at lower prices – creating a more sustainable way of shopping without compromising quality.
Conclusion
Luxury fashion marketplace Tradesy has been raising money to expand its business. Tradesy’s most recent funding round secured $67 million, allowing it to build a robust platform for luxury fashion shoppers. Tradesy provides an online marketplace for second hand luxury fashion, a unique and attractive proposition for savvy shoppers.
In conclusion, the success of Tradesy provides insight into the potential of online luxury fashion marketplaces. Furthermore, it is a great example for other businesses seeking to enter this industry.
tags = Tradesy, secondhand high-end fashion goods, $67 million, Foris Ventures, John Doerr’s family office, labased tradesy 67m foris ventures doerrkokalitchevaaxios, CEO Tracy DiNunzio
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