About Drest
Drest is a company based in London (United Kingdom) founded in 2019 by Lucy Yeomans. It operates as a Freemium, and Two-Sided Marketplace. Drest has raised $19.15 million across 1 funding round. Drest offers products and services including Drest App. Drest operates in a competitive market with competitors including Meitu, StyleShare, 21 Buttons, Meilishuo and Polyvore, among others.
- Headquarter London, United Kingdom
- Founders Lucy Yeomans
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Sectors
TechnologyRetail
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Email
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Phone
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Website
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Social
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- Legal Name Drest Limited
- Date of Incorporation 21 Oct, 2015
- Jurisdiction BIRMINGHAM, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$19.15 M (USD)
in 1 rounds
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Latest Funding Round
$19.15 M (USD), Series B
Jun 21, 2023
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Investors
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Employee Count
Employee Count
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Products & Services of Drest
Drest offers a comprehensive portfolio of products and services, including Drest App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A fashion styling game with real luxury brands.
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Funding Insights of Drest
Drest has successfully raised a total of $19.15M through 1 strategic funding round. The most recent funding activity was a Series B round of $19.15 million completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $19.1M
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First Round
First Round
(21 Jun 2023)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Series B - Drest | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Drest
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Drest
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Drest Comparisons
Competitors of Drest
Drest operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Meitu, StyleShare, 21 Buttons, Meilishuo and Polyvore, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Photo editing and sharing apps are developed by Meitu.
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| domain | founded_year | HQ Location |
App based community platform for fashion
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| domain | founded_year | HQ Location |
Online fashion & clothing social shopping platform
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| domain | founded_year | HQ Location |
Social shopping platform of fashion products
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| domain | founded_year | HQ Location |
Multi-category fashion products are retailed online by Polyvore.
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| domain | founded_year | HQ Location |
Beauty portal for women
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Drest
Frequently Asked Questions about Drest
When was Drest founded?
Drest was founded in 2019 and raised its 1st funding round 4 years after it was founded.
Where is Drest located?
Drest is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Drest?
Lucy Yeomans is the current CEO of Drest. They have also founded this company.
Is Drest a funded company?
Drest is a funded company, having raised a total of $19.15M across 1 funding round to date. The company's 1st funding round was a Series B of $19.15M, raised on Jun 21, 2023.
What does Drest do?
A mobile gaming platform is provided by Drest, focusing on fashion styling with real luxury brands. Users are enabled to create looks, participate in challenges, and explore trends from over 300 prestigious brands. The platform is designed to foster creativity and self-expression in the fashion and beauty sectors. Interactive experiences are offered, allowing users to customize avatars and build virtual wardrobes. Collaboration with top designers and artists is facilitated to ensure realism and engagement.
Who are the top competitors of Drest?
Drest's top competitors include Meitu, 21 Buttons and StyleShare.
What products or services does Drest offer?
Drest offers Drest App.