The Luxury Closet

The Luxury Closet is an ecommerce marketplace for pre-owned luxury goods including watches, handbags, clothing, shoes, and accessories. 

The Luxury Closet is GCC's leading Dubai-based luxury marketplace to buy and sell authentic designer items like handbags, clothes, watches, and jewelry.

The Luxury Closet was founded in 2012 by Kunal Kapoor. The company is based in Dubai, United Arab Emirates.

 

The Luxury Closet focuses on the resale of ‘perfect condition’ items from high-end brands like Louis Vuitton, Hermes, and Rolex from sellers across the Middle East. The platform has listed 80,000 items worth $120 million from 5,000 sellers.

 

The Luxury Closet is backed by MEVP (Middle East Venture Partners), Huda Beauty Investments, HB Investments, Wamda Capital, Two Four 54 - Abu Dhabi, Dubai Silicon Oasis Authority and others. The company raised $11M in a new round on Sep 01, 2020. This brings The Luxury Closet's total funding to $29.7M to date.

 

 

  • Year founded: 2012
  • Funding Info: $29.7M over 5 Rounds (Latest Funding Type: Venture- Series Unknown)
  • Yearly Revenue: NA
  • Employee Size: 51-200
  • Business Valuation: Unknown
  • City/Town: Dubai
  • State: Dubai
  • Country: United Arab Emirates
Related businesses