Lollipuff
Only online auction site that pre-screens each and every item to guarantee the authenticity of its high-end, pre-owned.
| Date | Investors | Amount | Round |
|---|---|---|---|
$125k | Seed | ||
| Total Funding | 000k | ||
Lollipuff operates as an online marketplace specializing in pre-owned luxury fashion items. The platform caters to fashion-conscious consumers looking for high-end designer products at a fraction of their original retail prices. Lollipuff's inventory includes a wide range of items such as used Louis Vuitton bags, Chanel handbags, Herve Leger dresses, and Christian Louboutin shoes. The company primarily serves individual buyers who are interested in acquiring authentic luxury goods without paying full price.
Operating in the luxury resale market, Lollipuff leverages a business model that includes both direct sales and auction formats. This dual approach allows customers to either purchase items immediately or place bids to potentially acquire products at lower prices. Revenue is generated through transaction fees and commissions on sales, ensuring a steady income stream for the platform.
Lollipuff's competitive edge lies in its ability to offer significant discounts on high-end fashion items, often saving customers up to 90% off retail prices. The platform also features a 'Make an Offer' option, adding flexibility for buyers to negotiate prices.
Keywords: luxury resale, designer bags, pre-owned fashion, online marketplace, auction, direct sales, significant savings, high-end fashion, transaction fees, commission-based.