Thrift+

Thrift+

Thrift+ is to help create a world without fashion waste, through giving as many items as possible a second life.

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DateInvestorsAmountRound
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£1.6m

Valuation: £14.1m

3.7x EV/Revenue

Early VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2020202120222023
Revenues0000000000000000
% growth-174 %6 %39 %
EBITDA0000000000000000
Profit0000000000000000
EV0000000000000000
EV / revenue00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x
R&D budget0000000000000000

Source: Dealroom estimates

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More about Thrift+
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Thrift+ is a service designed to recirculate secondhand clothes, aiming to reduce fashion waste. The company provides "Thrift+ Bags" for users to send in their pre-owned garments. Upon receipt, Thrift+ inspects, photographs, and lists the items on their marketplace.

When an item sells, the user earns credits which can be spent on the platform, donated to charity, or redeemed for a gift card. The business model is centered on convenience, offering a hassle-free way for individuals to sell their clothes. Thrift+ serves a broad market of fashion-conscious consumers who are also interested in sustainability. The company partners with fashion brands to provide take-back services, further integrating into the circular economy. By managing the entire resale process, from collection to sale, Thrift+ offers a streamlined experience for both sellers and buyers.

Keywords: secondhand fashion, circular economy, resale marketplace, sustainable fashion, clothing recirculation, consignment, pre-owned clothing, fashion waste, take-back service, online marketplace

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