The Luxury Closet

The Luxury Closet is an online marketplace for buying, selling, and consigning pre-owned luxury items at discounted prices.

The Luxury Closet is a fast growing online market platform and is the first of its kind in the GCC region in terms of size, market reach and scalability.

The Luxury Closet was founded in 2012 & is based in Dubai, United Arab Emirates.

The Luxury Closet is paving its way to disrupt the world of luxury retail. Bain &Co estimates that there is $500 Billion worth of re-sellable luxury items in consumer's closets, and nonetheless, each year consumers buy nearly $300B more of them.

The Luxury Closet is backed by investors like Middle East Venture Partners, Wamda Capital, Two Four 54 - Abu Dhabi, and Dubai Silicon Oasis Authority.

 

 

  • Year founded: 2012
  • Funding Info: $18.7M in 3 funding rounds (Last funding type: Series C)
  • Yearly Revenue: Unknown
  • Employee Size: 51-200
  • Business Valuation: Unknown
  • City/Town: Dubai
  • State: Dubai
  • Country: United Arab Emirates
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